Trilogy ready for new test of resistance coming out of cup and handle with surge to next fib retracement area. Look for breakout or retreat down before likely up.
Suddenly i remember the song "How long has this been going on"
For no reason.
Probably conviction in the pattern
Text book type.
And still some refuse to buy on breakout.
so i repeat "How long has this been going on"
Jokes apart expect a good 12$ move on this stock based on height only.
More shops getting open i expect stock to go up.
Rallis looking at a breakout above 307 for target height of triangle of Rd 35.
RSI is goof but would like stochastic to move up a little.
100 day high is around 324 so have to watch out that area.
ATR is low.
The previous Cup break out is still in progress.
Cup and Handle pattern indicated
Previous time frames Indicate white Soldiers indicating an uptrend . Awaiting next candle for confirmation
Buy above 40.10 as various resistances and supported by pivot
Height of cup 25.80
Target 44.40 , 47.75
Rsi 59
Stoch, 40,27
Today's close suggests that there is more gravity towards a pull back.
After the "Cup and Handle" breakout wait for a pullback to end.
With patience 25% on the cards after it crosses 627 on closing basis.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements...
Two month cup and handle spotted for MGM.
RSI ready for a possible uptrend reversal.
MACD still needs a golden cross.
Note: A break out on the descending upper trend line of the handle is needed for confirmation.
Hi All,
*** This is a component of the previous KAVA.BTC post > Link below ***
Hence supporting my thesis that this coin is in its early phases of doing a Parabolic run.
The chart tells its all.
Note, it did well with the btc dominance bounce and likely to keep doing so.
How to trade this?
2 options to consider:
a) You can wait for the 6 hrly candle to close...
A cup and handle pattern is being printed.
Entry and Target Levels are described on the chart.
Note: Pay attention to Cycle Sniper H1 0 Line Breakout
Good Luck!
On the daily we have a typical inverse head and shoulders (blue) cup and handle (green) confluence. We are approaching a huge supply zone.
The confluence on this chart is uncanny, if you zoom out you will see.
Long to the grey target and the green target is if we break the massive symmetrical triangle.
Big buy coming up within the next couple days.
Hello again don’t forget to hit the like/follow button to show support and motivate me to continue and check my previous ideas.
Cup & Handle- the handle and highlighted price rejection from Resistance key level, show possible downtrend to Fibonacci retracement levels .This downtrend can take from days to weeks before moving up, so patience.
Once that pullback...
Hi All,
Its no surpise that gold has been doing well and it will continue to do well.
Question is where do you trade.
The above chart is what I'm anticipating or some sort of bull flag after a CUP formation (continuation).
OBSERVATIONS:
> At the macro level, we can see 5 BASE moves or if you want to refer to the Elliot wave so be it.
> After a big uptrend,...
