Hello Traders,
I've identified a Cup & Handle pattern on USOIL, and I'm excited to guide you through the process I followed.
To begin, consider initiating a long trade with a target at $100.00 and a stop loss at $72.50.
Additionally, honing your pattern recognition skills is essential. Train your eyes to spot patterns by linking highs and lows based on your chosen timeframe, akin to how the zigzag indicator functions.
Subsequently, streamline the lines by connecting the highs and lows of the swing direction, while marking pivotal price points.
Now, link the pivoting points with the endpoints of the lines. As you take in the broader picture, you'll realize we've crafted both a cup 🥤 and handle ☕ pattern.
Proceed by drawing a trend line, establishing your target, and then awaiting the breakout.
Your insights and thoughts are most welcome.
Warm regards,
I've identified a Cup & Handle pattern on USOIL, and I'm excited to guide you through the process I followed.
To begin, consider initiating a long trade with a target at $100.00 and a stop loss at $72.50.
Additionally, honing your pattern recognition skills is essential. Train your eyes to spot patterns by linking highs and lows based on your chosen timeframe, akin to how the zigzag indicator functions.
Subsequently, streamline the lines by connecting the highs and lows of the swing direction, while marking pivotal price points.
Now, link the pivoting points with the endpoints of the lines. As you take in the broader picture, you'll realize we've crafted both a cup 🥤 and handle ☕ pattern.
Proceed by drawing a trend line, establishing your target, and then awaiting the breakout.
Your insights and thoughts are most welcome.
Warm regards,
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。