SLI:
Will you have coffee or tea?
Nice cup and handle on SLI.
It will also depends on the overall market but as long as we stay above 8.69 we can expect some continuation.
Target move (mentioned on the chart) is the extension from the bottom to the top of the cup.
Investopedia definition:
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
Will you have coffee or tea?
Nice cup and handle on SLI.
It will also depends on the overall market but as long as we stay above 8.69 we can expect some continuation.
Target move (mentioned on the chart) is the extension from the bottom to the top of the cup.
Investopedia definition:
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
Trade active:
Target reached!
We could see continuation.Raise your stop loss.
We could see continuation.Raise your stop loss.
Trade closed: target reached:
Stop loss triggered. Target reached.
Trade active:
After a great trade, SLI is back at support. Potential good entry here with a stop below the line.
Now it could retest the breakout point around 8.70. If that's the case you have another chance to get in. Then maybe we'll reach my target, and maybe go higher.