Hello Traders,
I've identified a Cup & Handle pattern on USOIL, and I'm excited to guide you through the process I followed.
To begin, consider initiating a long trade with a target at $100.00 and a stop loss at $72.50.
Additionally, honing your pattern recognition skills is essential. Train your eyes to spot patterns by linking highs and lows based on your chosen timeframe, akin to how the zigzag indicator functions.
Subsequently, streamline the lines by connecting the highs and lows of the swing direction, while marking pivotal price points.
Now, link the pivoting points with the endpoints of the lines. As you take in the broader picture, you'll realize we've crafted both a cup 🥤 and handle ☕ pattern.
Proceed by drawing a trend line, establishing your target, and then awaiting the breakout.
Your insights and thoughts are most welcome.
Warm regards,
I've identified a Cup & Handle pattern on USOIL, and I'm excited to guide you through the process I followed.
To begin, consider initiating a long trade with a target at $100.00 and a stop loss at $72.50.
Additionally, honing your pattern recognition skills is essential. Train your eyes to spot patterns by linking highs and lows based on your chosen timeframe, akin to how the zigzag indicator functions.
Subsequently, streamline the lines by connecting the highs and lows of the swing direction, while marking pivotal price points.
Now, link the pivoting points with the endpoints of the lines. As you take in the broader picture, you'll realize we've crafted both a cup 🥤 and handle ☕ pattern.
Proceed by drawing a trend line, establishing your target, and then awaiting the breakout.
Your insights and thoughts are most welcome.
Warm regards,
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.