DGD will Knock your Block Off
First rule of DGD club: don't talk about DGD club.
We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless.
Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said I'm not optimistic about a full Cup and Handle forming), and then bouncing off the support to form the left shoulder.
Support - Both shoulders sit on the 43k support line and the head was formed when it broke through it. Very nice.
Trend Indicators - RSI looks like it'll hit the lower support and spike like it did recently and has done in the past.
C&H - worth a mention - the cup formed over the course of a month but it looks like it never had chance to form a decent handle as the H&S took precedent.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! I've got to go, I've got a one-way ticket to the Moon.
~Retro
We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless.
Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said I'm not optimistic about a full Cup and Handle forming), and then bouncing off the support to form the left shoulder.
Support - Both shoulders sit on the 43k support line and the head was formed when it broke through it. Very nice.
Trend Indicators - RSI looks like it'll hit the lower support and spike like it did recently and has done in the past.
C&H - worth a mention - the cup formed over the course of a month but it looks like it never had chance to form a decent handle as the H&S took precedent.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! I've got to go, I've got a one-way ticket to the Moon.
~Retro
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