Cup and Handle formation on a daily timeframe
Price is currently sitting just above the handle so I expect a small pullback and then price to continue upwards and trend along the line on the handle shown
Cup and handle is a bullish pattern , but not the strongest, when compared to a falling wedge .
XAU AUD looks close to breakout.
ascending triangle setup on the daily chart.
the debasement of the AUD by the RBA is still in place
to slowly deflate this asset bubble. Govt is now
competing with the private sector in the labour market.
why work when i can get a hand out.
each year means more retirees who get $1000/FT
to do nothing. migrants bring their parents...
Entry = 50 FIB Level, Trendline get broken
Target/TP = 88,6 FIB Level/Resistance = Hell Blue Zone
I get a burnout at my analysing, fck the system
Indicators: TDIGM Divergence "Cryptojesus" (Different Setings), Smart FIBO (ZigZag Lines for Patterns, make the chart invisible and only use), Support and Resistance Levels with Breaks
Stay focused and watch through...
2730 target hit and I expect a revisit.
Currently ascending channel pattern: mid term bearish until it breaks the lower or upper supports. Which it has, but we are looking for confirmation of the invalidated channel.
Also a nice chunk of volume on the last bullish move which shows big market interest. RSI showing reversal divergence on the daily but a...