Cup and Handle #TLS
Cup and Handle has formed on the Daily with price respecting the S&R of the handle. Also a possible Golden Crossover about to occur as well. Waiting for a break out above the short term resistance to buy a parcel. RSI showing bullish bias as well.
Target Buy Price: $3.75 - Above the short term resistance
Stop Loss: $3.65 or 2.67% - Just below the most recent low as this would indicate that C&H didn't play out
Target Sell: $3.89 - Next level of resistance
Target Buy Price: $3.75 - Above the short term resistance
Stop Loss: $3.65 or 2.67% - Just below the most recent low as this would indicate that C&H didn't play out
Target Sell: $3.89 - Next level of resistance
Trade closed: stop reached
Ended up getting stopped out... Good lesson to wait and be more patient, jumped the gun a bit with my entry.
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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.