CUP AND HANDLE ON WATCH. PLANNING TO OPEN A BUY POSITION @ 19.14, AND WAIT TO REACH THE GAP, ADD AT RETEST AND TRIM WHEN IT REACH THE ATH.
Comment:
as per my 1h timeframe, a formation of an inverted H&S will be tested, which changed my entry point @ 19.75 plus spreads (depends on the platform used). I will be monitoring the above patterns and update you guys!
Comment:
yesterday it went down to 19.18, and that's the best entry point for me. waiting for the confirmation of this cup and handle formation, which i think if it will not rally today, maybe next week it will reach the gap line.
Comment:
pattern rejected, possible reason: "Fed won’t extend relief for banks from key capital rule"
