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b6d1016fdeb149be865b678a8ac935
Jan 26, 2024 5:49 PM

AAP Adam & Eve? Cup and Handle? 

Advance Auto Parts Inc.NYSE

Description

Adam & Eve is a double bottom pattern. I think I see one here, but I don't have a lot of experience 1) catching these or 2) trading on them. I'm posting this less of a long call, but as an exercise to see how price action reacts at these levels.

Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this region, it often moves up in a strong trend. (source: thepatternsite.com/aedb.html)

I can also make out what I think is a cup and handle.

Note to Self: Study how/if A&E and C&H can/do work together.
Comments
SabahEquityResearch
Good job
Winning84
any updates on what you think may happen
b6d1016fdeb149be865b678a8ac935
@Winning84, There's an infinite number of possibilities. Try not to predict, but react to price action. Lots going on in the TA, especially if you are a follower of Elliott Wave theory. (I didn't chart the wave, but a 3rd wave could possibly be in)
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