Falling Wedge Pattern: Cocoa Futures

This is the map of how to trade this rare chart pattern.
This is a textbook sample of Falling Wedge continuation pattern that played out with impressive accuracy.

We have a strong uptrend in 2024 that has been changed
by a large consolidation that took place for the rest of 2024
as it has built the large Falling Wedge (continuation) pattern.

One should focus on the following crucial points and measurements:
1. breakout point where price rises above trendline resistance
it acts as a buy entry trigger (green segment)
2. stop loss - it is located below the lowest valley preceding breakout (red segment)
3. widest part of the pattern - use it to measure the distance to the target adding it to breakout point (blue arc)
4. target (yellow dashed segment)
all of above key parameters are highlighted on the chart.
It's amazing how accurately the price grew towards the target booking over 60% profit.
Next time you can use this map as a guidance.