I like the Cup & Handle. When finding this pattern, I always look for another entry signal because it's strong uptrend and hard to wait for dipping. Luckily, I find a measuring gap called the gap of opportunity. When market opening, I was not hesitated to calculate position size quickly and made entry order. What will be the result, just wait and see. :o)
Chart looks good. you can see the volume coming in. Highest volume bar since IPO week. Stock has broken out above previous resistance.
SL below VS shelf + previous resistance.
I bought 4.9 with SL tp at previous top.
An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward to downward or from...
