Please notice that the target and the resistances have been taken at daily but I'm showing you the weekly chart. You can find the daily here:
Also, I'm currently questioning my past strategies (mostly my Risk Managment but this need changing my entry strategy) so you'll see different indicators and my TA using such indicators is still to be perfect.
now my TA:
On weekly CHZ has been pumping almost non-stop since July but on the daily you can see it formed a handle after price hit the Cup neckline. C&H are commonly known as continuation patterns but actually you can find them in reversal as well like here on CHZ.
NOTE: check this article on C&H, it shows the reversal pattern example: https://www.elearnmarkets.com/blog/cup-and-handle-pattern-trading/#1
If current breakout succeed I'm looking forward to short this around the end of the target (where I've already set an alert). It's a pity I didn't notice this earlier because it would have been a good opportunity to ride. Those who want to risk more can wait and see if at some point the breakout will dump a bit until the support and enter there.
Good luck
Also, I'm currently questioning my past strategies (mostly my Risk Managment but this need changing my entry strategy) so you'll see different indicators and my TA using such indicators is still to be perfect.
now my TA:
On weekly CHZ has been pumping almost non-stop since July but on the daily you can see it formed a handle after price hit the Cup neckline. C&H are commonly known as continuation patterns but actually you can find them in reversal as well like here on CHZ.
NOTE: check this article on C&H, it shows the reversal pattern example: https://www.elearnmarkets.com/blog/cup-and-handle-pattern-trading/#1
If current breakout succeed I'm looking forward to short this around the end of the target (where I've already set an alert). It's a pity I didn't notice this earlier because it would have been a good opportunity to ride. Those who want to risk more can wait and see if at some point the breakout will dump a bit until the support and enter there.
Good luck