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,
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.