It's always a scenario. Confidence in these areas don't exist, we do have tools however which allow us to protect size f our portfolio.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.
Let's see how this one goes.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.
Let's see how this one goes.
Note
Target reached ... time to short.Trade active
Target hit, RSI at 4H oversold. After a bit of side movement and euphoric spikes comes time for retrace.Next target :
Trade active
Trade active
Trade active
RSI still high, we need to get below 30 in order to even consider short-term reversal (if at all).Trade active
Target reached, time for a short reversal :Note
Trade active
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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.