This is on the
Targets are based on depth of cup
patterns form as the result of consolidation after an uptrending stock tests its previous highs. At that level, traders who bought the stock near the previous highs are likely to sell, causing a gentle pullback. This pullback is then met with activity, which causes the rounded bottom and rise of the right side of the cup. As the stock once again tests its highs, another pullback – the handle – is observed, but this time investors are able to push the stock higher as they snap up discounted shares.
The weekly chart is the one that provides the broader view. It tends to smooth out the price action, cutting out much of the noise that you find in a .
It also gives you more history so you can see a stock's longer-term trends. On a weekly chart you're likelier to spot a base that's several months to more than a year long. A strong C&H pattern needs at least 7 weeks to form.
The most powerful patterns have a shallow retracement, not exceeding ⅓ of the cup’s total size. Although some may trade the pattern when it breaks the R of the handle, the pattern is not considered valid until long entry level is met by others. WE all have our own way of doing things. The handle holds support so some feel safer to enter there after R is broken
Generally, cups with longer and more "U" shaped bottoms provide a stronger signal
NV is very high Monthly candle is a
Not a recommendation
The Ensign Group , Inc. provides health care services in the post-acute care continuum and other ancillary businesses. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of December 31, 2019, it operated 223 skilled nursing and senior living facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Massachusetts, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The Ensign Group , Inc. was founded in 1999 and is based in San Juan Capistrano, California.