FerroIgnique

Low Probablity Cup and Handle

Long
KRAKEN:LINKETH   LINK / ETH
250 views
7
Yet again I am seeing a cup and handle ; I have yet to see one and play it successfully every step of the way, I did a banger of a job shorting LINKETH , and catching the long. The 'handle' is hard to chart, because of the wicks, but I can see a falling wedge that may break up, but perhaps thats what I want to see. I should aslo note that I placed my stop loss 1-2 hours before that wick came thundering down, and a few hours ago it got close again. In short I've been long a while, but portions of my long are up from about .035, so Ive stressed myself out waiting to see that get back in the money and watching the base pairs thrash around.

Comments

great chart!
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