A nice completed pattern

One of the patterns I look to trade is a "Fibonacci Funnel"....a breakout trade.   It's a good pattern to trade providing ALL of the set-up criteria are met.   It works on any time frame and gives clear stop and profit targets.   This is a pattern (Marks & Spencer PLC) ( LSE: MKS) which completed a couple of days back and as you can see, it hit it's target perfectly and the price has now retreated somewhat.  I like trading this pattern as you can place buy (or sell) orders with stop loss and profit take orders all at the same time.......then let the trade run its course ( subject to normal trade management, of course).  This trade produced a RRR (Reward to Risk Ratio) of 2.2 to 1.