There is no time objective after C&H breakout.
Q: "is there a time objective to reach the price target after breaking out from a longterm Cup & Handle formation?"
AI: "No, there is no specific time objective for reaching the price target after a cup and handle breakout, but the pattern's duration can provide clues about the expected move. A longer formation often suggests a more significant move. The price target is typically calculated by measuring the cup's depth and adding it to the breakout point, but market conditions and the pattern's individual characteristics will influence how quickly it is reached. "
IMO, if Ag rises that much, as implied by the LT C&H breakout, then the US will be trying to inflate away the national debt, like Argentina or Turkey.
=== Argentina ===
As of April 2025, Argentina's annual inflation rate stands at 47.3%, according to the National Institute of Statistics and Censuses (INDEC).
Argentina's long-standing inflation problem stems from a cycle of high government spending, fiscal deficits, and populist policies that led to persistent money printing, currency devaluation, and a lack of confidence in the peso. While the current administration has enacted austerity measures that have significantly lowered the monthly inflation rate from its peak, the country's economy still suffers from the lasting effects of economic instability and a weakened currency.
==> doesn't it sound awfully familiar? |
