It's always a scenario. Confidence in these areas don't exist, we do have tools however which allow us to protect size f our portfolio.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.
Let's see how this one goes.
Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside.
Let's see how this one goes.
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Target reached ... time to short.
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Target hit, RSI at 4H oversold. After a bit of side movement and euphoric spikes comes time for retrace.
Next target :
Next target :
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RSI still high, we need to get below 30 in order to even consider short-term reversal (if at all).
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Target reached, time for a short reversal :
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