Workhorse - Cup and Handle
WKHS at the neckline of small cup and handle ready to potentially break up on H4. Higher time frame confluence of a macro double bottom (2018/19 - red line) before it went on it's most recent crazy run up and back down to these pre covid levels.
Expecting a similar outcome so targets (Purple lines)
T1 - 60
T2 - 70
Multiple drives of RSI divergence on the H4 and even D1 combine this with rising volatility and could be new trend forming on lower time frames.
Macro Reversal Plan - hit above target; then reverse to the lows of 40 and paint a W pattern at the lows on a higher time frame (or continue downside).
Expecting a similar outcome so targets (Purple lines)
T1 - 60
T2 - 70
Multiple drives of RSI divergence on the H4 and even D1 combine this with rising volatility and could be new trend forming on lower time frames.
Macro Reversal Plan - hit above target; then reverse to the lows of 40 and paint a W pattern at the lows on a higher time frame (or continue downside).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.