Very appealing setup on this cup and handle 3 month chart pattern.
1. Handle taking the form of rectangle consolidation
2. Handle forming right above 200 MA (bullish)
3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line)
A decisive daily close above $26 will confirm the pattern and the breakout and set the stage for a rally up to $30s.
1. Handle taking the form of rectangle consolidation
2. Handle forming right above 200 MA (bullish)
3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line)
A decisive daily close above $26 will confirm the pattern and the breakout and set the stage for a rally up to $30s.
Nota
setup never triggered so you shouldn't be long yet. That said, setup is still valid and will remain on the list to watch for breakout attempt in the next week or so.Orden cancelada
not a cup and handle setup anymore. might drop into a rectangle setup. if it does i'll re-post it.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.