Pattern trading with the knowledge of how to set targets and an understanding of busted patterns and their respective probabilities can lend accurate data with which to build stratagems for long term investing. I believe targets are eventually met and often lead into other patterns that create new targets along the way. A long term trader\investor must be patient with the market and wait for conditions to be met. Set your targets as you journey along with PA. Here we see a series of LTF events carving out a cup on the HTF along the way. The handle itself, after a pullback, triggered the 1st EW impulse wave which led to a wave 5 peak of 64k. For a complete guide into pattern trading, busted patterns, EW analysis and candlestick patterns check out www.thepatternsite.com. The site has a wealth of information for trading. I recommend knowing and understand Reversal, Continuation and Bilateral patterns and how to use them to set targets. Also know the odds of single, double, and triple busted patterns with each type of triangle and EW principles. Thank you for taking time out of your day to read this, I wish you well on your trading journey. If you have any questions please feel to ask, I'll do my best to answer them ASAP.