simple trading - double top
the wait is over... hopefully. in this market, you can't ever be too sure. With that said take this trade with caution. we are looking to take advantage of a cup and handle that may be forming on the 4hr chart.
BULLS:
YES, we are in a bull trend. But patterns form, and when a cup is formed, a handle typically follows.
I am certain that the price can jump above the previous high and continue its bull run. look for a break and retest above the previous candle break 188.50
BEARS:
If the GJ is creating a pullback this could be the beginning of the handle. GJ has made a double top from the previous high followed by bearish candles. (15m) my entry is set to 188.50. As long as GJ trades below this level I can see more bearish momentum
respect candle close
the wait is over... hopefully. in this market, you can't ever be too sure. With that said take this trade with caution. we are looking to take advantage of a cup and handle that may be forming on the 4hr chart.
BULLS:
YES, we are in a bull trend. But patterns form, and when a cup is formed, a handle typically follows.
I am certain that the price can jump above the previous high and continue its bull run. look for a break and retest above the previous candle break 188.50
BEARS:
If the GJ is creating a pullback this could be the beginning of the handle. GJ has made a double top from the previous high followed by bearish candles. (15m) my entry is set to 188.50. As long as GJ trades below this level I can see more bearish momentum
respect candle close
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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.