Is ABTUSD already triggering c&h w/a handle only on small TFs?ABTUSD just recently hit the full target of its linear chart’s recent bull flag breakout and in the process filled out this beautifully sculpted cup that I thought would take several daily candles to complete a handle of before continuing to move upward….to my surprise price decided to only let the handle develop on the 30minute-2hr chart before breaking above the neckline. So it is currently now most valid on the 35-45 minute chart…making it far more likely the pattern can be nullified on such a small tie frame, however as of right now it is well on the way to the full c&h breakout target…a few dives back below the neckline especially on such a small time frame are quite possible too before it musters up the strength to hit the full target. If it does hit that target it is well on the way of finally hitting my much higher target of the Log charts bullflag breakout which I will link that idea below. Keep in mind because it is the log chart its measured move target from breaking up from the flag is considerably higher than the one that was on the linear chart. *not financial advice*
30minutechart
ADX Breakout strategy for insane returns on the GBPJPY 30minLike the EUR/USD this pair looks amazing on the ADX Breakout strategy once tuned properly. It even has far less draw down! The one thing i did notice is like what is shown on the chart. GBP/JPY does have a tendency to near the limit order and then make a run in the opposite direction occasionally. So in an attempt to see if i can trim losses while maintaining a high return. I will be testing this strategy live but with a trailing stop loss.
Crude C&H w/in a bigger C&H on the 30 minute chart. We must remember on a timeframe this low many chart patterns will end up being fakeouts but one or both of these could very easily trigger. Wise to eb prepared for a fakeout as well though since its on such a small timeframe. *not financial advice*