ACB - Interesting set up here. A while back I had charted ACB as bearish with a gap below a triangle pattern quite some time ago. I usually dont allow wicks to hold a lot of weight when looking at charts but one user did reply that the chart had filled that gap with wicks which it indeed did. After a re evaluation look here some time later i feel that this cup and handle pattern that has formed is much more a telling story than the last observation and those "wicks" should act as the gap filler as I am quite bullish on this in particular set up with the sector being the way it is. As always, it can go either way but I am bullish here but sure would like the MACD to cross up!!! Will be watching closely!
Note
Wow! The gap i mentioned above that was just filled today and maintained this cup and handle formation was unreal. Made entry this morning and in serious profit already while this plays out!Note
Everything seems to be holding the range of this pattern.Note
It is breaking lower range of this pattern. On watch here.Trade closed manually
Broken the lower range. Closed
dafster
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dafster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.