{lease excuse the messy chart, getting used to these tools, slowly.
Look at the Cup and Handles again!
Now, I may be looking for these since they are at the forefront of my mind, but, the second handle has started to fill and I will be looking for a "test" entry when we/if we reach the bottom of the handle.
Elliot Waves seem to be present and for those of you who think I am finding these things because "I want" to find them, maybe you're right, so forget the cup and handles and apply descending pennants.
I expect Elliot waves to re-occur after the cup and handle taking us to our next resistance.
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That's a bit cleaner.
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Handle or not, Continuation of Elliot Waves or not, FUN is looking like a good medium to long-term investment.
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Our handle may appear slightly higher than anticipated, can only be good news for those of you out there already in the trade.
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We were right, handle higher than expected, great news. I am opening a minimum trade to test the theory.
Trade active
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Stop loss optional, 20% if you want to be strict.
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Slowly but surely we seem to be moving into a second exit from a cup and handle formation.