"Cup and handle is a technical chart pattern used in trading and investing to identify potential bullish continuation patterns. It is formed by a "cup" followed by a "handle." The "cup" is a U-shaped curve that is formed when the price of an asset rises, then falls back to the same level or slightly lower, and then rises again to the same level as the first peak....
Gold must hold Kijun sen line to prosper this game. #caveat
Copper issued Bullish Shark Harmonic Pattern in Daily Chart though It mingled with upperline pitchfork and it acts as resistance for the poorman's gold. RSI 30 also have bullish regular divergence. while ADX still have strong bearish reading. for now, It will neutral for this ticker. #caveat
RSI 30 Daily Exceed RSI 30 Weekly is a prone to profit taking. Parabolic Support lies in 117-118 zone to continue the fast momentum. Trader should know the drill. #caveat
RSI 30 (Daily) issued Bullish Divergence and this regard, It might retrace 76ish before proceed to 60 Potential Reversal Zone (care of coach Ichimoku) DMI also weakening but we are still in bear market in general trend (Price below Kumo Cloud). use your own analysis to enter in a CT trade situation. #caveat trader.
SP500 hit RSI resistance accompanied with Upperline Resistance of Pitchfork, it will need to breakthrough or else deep correction will occur again or worse its the beginning of bear market.
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