Cup & Handle breakout confirmed on $INJ — price structure pointing to $64.68 structural target.
Classic continuation pattern playing out. Breakout above handle resistance with volume confirmation. Target derived from measured move (cup depth projected from breakout point).
Key levels:
• Breakout zone held
• $64.68 measured target
• Invalidation back below handle neckline
Pattern integrity intact. Watch for pullback to retest breakout as support — that's the high-probability long entry if it holds. If we slice back through the handle, pattern fails and thesis is off.
Chart structure clean. Now it's about follow-through and whether momentum can carry into the target zone without losing the breakout.
Classic continuation pattern playing out. Breakout above handle resistance with volume confirmation. Target derived from measured move (cup depth projected from breakout point).
Key levels:
• Breakout zone held
• $64.68 measured target
• Invalidation back below handle neckline
Pattern integrity intact. Watch for pullback to retest breakout as support — that's the high-probability long entry if it holds. If we slice back through the handle, pattern fails and thesis is off.
Chart structure clean. Now it's about follow-through and whether momentum can carry into the target zone without losing the breakout.
