Long term I think EURUSD should go down. However I just spotted this cup and handle pattern which I think is a nice short term trade. Let me know your thoughts
I suggest the chart is self-explanatory. If the pattern turns out to be a cup indeed, there should be a pull back to form some shape of a handle (often times as a falling flag/triangle), then the price would sharply break out the resistance of the recent high at the cup’s edge level and would head Northbound (or more precisely – North-East).
Obviously, the exact...
We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the...
$TCK falling wedge on weekly has broken out to upside. While move is strong, showing neg divergence on RSI. Could mean a slight pullback.
Noticed cup move near apex, could see a handle before a push higher.
Short short term, long over long term
T mobile is gaining subscribers, I use them and quite like them no contracts full data and US Canada and mex much better than ATT and Sprint or Verizon. I think this could be a winner for longer term. Entry point makes a difference, check options longer term or look at stock
I've been long MPC for a number of reasons. I'm just bored. Quiet day. The most important thing is that it's found a bottom at $29 after free-falling with no support unless you go back to 2012. This stock is down -50% since early Dec 2015.
Disclosure: I am long MPC.
SQ has moved very well, has created a NEW cup for a NEW stock. You can look to buy shares or buy options, I would look at time the Sept 13C are at 1.95 but bid is 1.35 losing 60 cents per share in spread that is a lot to make up, consider stock here also...however BE is 14.95 by red vertical line to break even on the calls. Do the research they are not making...
This looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this breaks up above and has high volume $45 I see a %50 - %100 rise playing out .
This looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this break up above $45 I see a %50 - %100 rise playing out .
Happy new year bitcoin traders,
Here is my first published idea where i will take a look at starting this year.
We could be forming a nice cup and handle here which could take us above 500.
If we keep hanging around this level and dont break 400 i will take a long position with a target around 530 assuming the cup and handle will play out.
When 400 gets...
BUY: new high, break of 248
TP: along the targets up to 281
SELL: break of black trend line & failure to break 248
TP: around 232.5 - 235 / Build a new long position from there.
HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258
A break of 248 would indicate that...
