So I'm asking those out there with more knowledge than me if might be a possible cup and handle?
I'm not familiar with the pattern and to be honested the chart squeezed up tight as in the screenshot and for some reason I thought cup and handle. I looked it up here http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Acup_with_handle_continuation and thought some of the characteristics fit.
- continuation pattern, immature trend
- somewhat of a U shaped bowl
- pretty close equal sides
- Handle could be a pennant / flag pattern
- 6 months pretty must spot on from sides of cup
- Volume - Thoughts welcome: On this chart it looks super low to me but if you've zoomed in there is a slight up tick in volumne
Possible target around .0295205
Anyone have any thoughts?
I'm not familiar with the pattern and to be honested the chart squeezed up tight as in the screenshot and for some reason I thought cup and handle. I looked it up here http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Acup_with_handle_continuation and thought some of the characteristics fit.
- continuation pattern, immature trend
- somewhat of a U shaped bowl
- pretty close equal sides
- Handle could be a pennant / flag pattern
- 6 months pretty must spot on from sides of cup
- Volume - Thoughts welcome: On this chart it looks super low to me but if you've zoomed in there is a slight up tick in volumne
Possible target around .0295205
Anyone have any thoughts?
Note
by the way I know he volume indicator isn't on here I deleted and just remembered from looking at when writing this up.Note
Cleaning up the chart..
Note
linking over to an update I did on the video of this one.
Note
See the updates below the video on that page.
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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.