Cup and handle set up
OK. My set up will be made up of two positions to reduce risk.
1. position 40% enter price 56.4
2. position 60% enter price 54.2
both positions : STOP LOSS set below FIBO ZONE 52.2
Price move too steep and moved away from the trend line so i expect to get closer. Trendline show us zone 54
RSI close to overbought zone plus declining buyng volume.
Previous ATH 58.350 I expect that will act as resistance and bounce price down to mi positions which will be placed 56.4 and 54.2
1. position 40% enter price 56.4
2. position 60% enter price 54.2
both positions : STOP LOSS set below FIBO ZONE 52.2
Price move too steep and moved away from the trend line so i expect to get closer. Trendline show us zone 54
RSI close to overbought zone plus declining buyng volume.
Previous ATH 58.350 I expect that will act as resistance and bounce price down to mi positions which will be placed 56.4 and 54.2
Trade active
40% position in Now price stay arround that enter level and looking for direction
RSI goes sideways too.
Longs and shorts positions began to decline. This is the first sign that it will go lower where there will be more interest to open some positions .
Note
This is still in play :D
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.