I do not see a true handle yet..if you do let me know (o: So possible cup and handle in formation
Waiting for long entry level can help folks avoid possible resistance and also avoid a losing trade. I admit I do not Always do that but I do try. I was in this one before I saw the cup forming..so oh well (o:
Mid cup can provide support
In a bullish market, a security can reach 100% and above using fib levels.
100% is 44.22..
Cup depth is 15.17
One way to calculate targets is by using cup depth and fibonacci levels added to the long entry level. Many place long entry level a smidgeon over the cup high to avoid the resistance that may lurk there
Not a recommendation/just an observation
Good idea to do your own research..The market will give you enough rope to hang yourself if you let it (o:
Waiting for long entry level can help folks avoid possible resistance and also avoid a losing trade. I admit I do not Always do that but I do try. I was in this one before I saw the cup forming..so oh well (o:
Mid cup can provide support
In a bullish market, a security can reach 100% and above using fib levels.
100% is 44.22..
Cup depth is 15.17
One way to calculate targets is by using cup depth and fibonacci levels added to the long entry level. Many place long entry level a smidgeon over the cup high to avoid the resistance that may lurk there
Not a recommendation/just an observation
Good idea to do your own research..The market will give you enough rope to hang yourself if you let it (o: