To trade this Cup With Handle Break Out I would setup a stop-limit-buy order at $15.36 with no slippage and once triggered in setup a bracket order with a stop-loss at $15.12 and limit-profit at $16.81.
This trade has a reward-to-risk ratio of 6:1.
The depth of the cup is also the depth of the target Fib 1.618
This trade has a reward-to-risk ratio of 6:1.
The depth of the cup is also the depth of the target Fib 1.618
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Just an absolutely beautiful trade
