If you look at a weekly chart you’ll see this pattern
Below is how it’s going to look once this retracement(pullback) breaks which we are in.
it’s a typical pic of a cup and handle pattern
We are in the handle of Simple consolidation.
The trading short term target is measured from the base of the cup to the rim projected forward from the handle. Which in my calculation once this breaks is around $1.40to $1.50. The pullback of the handle is typically 1/3 into the cup![]()
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