SOL/EURO Cup and Handle Breakout
Updated
SOL/EURO Cup and Handle Breakout
Recently THEE GOAT Peter Brandt re-shared my chart of SOL/EURO recognizing that this is a great trade.
I am in the trade with stop placed under brake out baselevel (Stop @ c. $107.80)
Good luck all
PUKA
Recently THEE GOAT Peter Brandt re-shared my chart of SOL/EURO recognizing that this is a great trade.
I am in the trade with stop placed under brake out baselevel (Stop @ c. $107.80)
Good luck all
PUKA
Comment
SOL/Euro UpdateI remain fully allocated & in 21% unrealized profit
Some concern from the rising wedge however I covered a lesson previously on how rising wedges with increasing On Balance Volume can often break out to the upside~see ideas on my page to find the lesson.
Bullish Rising Wedge (RW) Lesson Summary relative to above chart:
▫️ OBV increasing helps case for RW breakout (Positive)
▫️ A steep upper line on the wedge is not ideal (Negative)
▫️ Upward sloping 200day (Positive)
▫️ Any sign of waning price action is not ideal (Negative)
Leaves us 50:50
With the green candles, rising OBV and longer term cup and handle pattern, I believe bulls still have the edge.
Lets see how this plays out
PUKA
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