Cup and Handle According to Google AI, a textbook cup and handle typically has a pull back (the handle part) that ranges from 33% to 50% of the cup range (bottom of cup to beginning of handle).
Currently this is sitting at roughly 40% pull back and showing signs of support.
I'm looking for price to establish a consolidation range somewhere close to where we are now, and possibly start pushing over the 20 ema.
Next update will be a buy signal, with any luck.
Good luck 👍
FFAI trade ideas
FFAI - potential inverted head and shouldersNot the cleanest pattern imo, but I will be watching. Daily closed above the center bollinger band, and might try to reach the neck line (red line). If it gets a clean break above the neckline, I will likely enter and target the small gap at 1.60 personally. Probably with a trailing stop loss.
Let me know what you think, I don’t want to overlook any possible roadblocks. NASDAQ:FFAI
FFAI Faraday Future Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FFAI Faraday Future Intelligent Electric prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Puts with
an expiration date of 2025-4-17,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.