ADEX 4 HOUR CUP & HANDLE FORMING. Los Angeles 1:00 AM.
Disclaimer: This cup & handle is not going to be 100% perfect but use your imagination and try to get an estimate of where everything might happen if it works out perfectly. I can assure you even if a cup and handle appears perfectly the break out might not be what it is supposed to be.
What to look for:
RSI remains above 50+.
Buying in at the bottom of the cup.
Using fib lines to create (TP) target profits. I suggest creating your own and utilizing stop losses.
All target profits are slightly before previous resistance levels to lock in your profit.
Not all targets are going to be hit. Maybe none at all.
Last but not least make sure there's volume or it becomes dud.