Drink Up multiple cup/handle patterns forming
Updated
already long but wanted to share these series of cup and handle patterns forming on oil... Looking for a potential retrace to 69.70-69.50 max, looking for price action to retest the breakout of the last cup and handle pattern.. leading to a larger breakout... dips will be bought swiftly
Comment
think of this as a teaching tool... when trading bullish/bearish continuation patterns, always look for the same pattern to continue onto a higher time frame until its invalidated.. In this case, I seen a retrace of the smaller cup/handle on the smaller time frame and notice a series of the cup/handle patterns, which are currently forming inside of a much larger cup/handle pattern, which will lead to a bigger breakout..Comment
Comment
bullish patterns can be overbought on specific time frames to lead to higher breakouts just showing love and education to the trading community. cheers Comment
also seen on the 2hr Comment
now the picture is getting more clearer . I hope this helps Comment
this is the 4th cup and handle pattern Comment
we buying all dips Comment
followed this live chart Comment
Comment
Comment
Comment
prev. resistances of B leg, should act as future supportComment
Lets see if the 2hr can get it done on this cup and handle breakout. I'm aggressively looking for $74 min target on oil, w/ max 75 potentially by Friday's close Comment
Comment
Comment
4hr cup/handle being created Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.