An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the rim.
If you are in above price, I would set a stop around $96.75.
If you are looking to get in, I would wait and see if we can get another crack at $90.
If you are in above price, I would set a stop around $96.75.
If you are looking to get in, I would wait and see if we can get another crack at $90.
Trade ativo
I was a little deep on my buy in target, but the strong buy candle off the support line was a good enough signal for me to enter into a position slightly above my target entry point. Cheers!
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.