Long

RSRBTC1H. My Cup did not quite 'runneth' over..

Price broke trend line 'A' decisively and made gains. I sold too early at 13040. Had I been paying greater attention I would not of missed the formation of a lovely cup and could of raised my price expectations accordingly. Still, about 5% for me and the prospect of jumping back in - if we're lucky we just might form a handle for the cup yet... Trend line 'B' the dashed line gave me my original exit target being a parallel projection of its counterpart dashed line ( put it originally in the wrong place!). Now possibly this may be the formation of a new channel.
breakouttradingChart PatternsCUP

Also on:

Related publications

Disclaimer