1H trend chart
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SAND is forming a potential cup and handle pattern on 1H
We can see accumulated volume are gathered around the orange zone.
If price can take it out (Fib 1), we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 5.4476~5.5155----Fib(1.272~1.382)
b) 5.6616----Fib(1.618)
c) 5.8969----Fib(2)
Stop losses:
a) 5.0535-----Red horizontal ray
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.