TheArtOfCharting

INDV - 7 months INVERTED RIGHT ANGLE TRIANGLE

LSE:INDV   INDIVIOR PLC ORD USD0.5
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS


🤝Let’s learn and grow together 🤝
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Hello Traders ✌

It seems that this stock likes to advance to the sound of Inverted Right Angle Triangles and now we have another one that is forming along the 200 Days EMA with no previous level to deal with until the target.

  • Pattern Class: 🌕🌕🌕🌕🌕
  • Target area: 2060
  • Breakout area above: 1760
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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