롱

Drink Up multiple cup/handle patterns forming

업데이트됨

already long but wanted to share these series of cup and handle patterns forming on oil... Looking for a potential retrace to 69.70-69.50 max, looking for price action to retest the breakout of the last cup and handle pattern.. leading to a larger breakout... dips will be bought swiftly

노트

think of this as a teaching tool... when trading bullish/bearish continuation patterns, always look for the same pattern to continue onto a higher time frame until its invalidated.. In this case, I seen a retrace of the smaller cup/handle on the smaller time frame and notice a series of the cup/handle patterns, which are currently forming inside of a much larger cup/handle pattern, which will lead to a bigger breakout..

노트

Challenge my Elliot Wave Count Looking for $95 Oil

노트

bullish patterns can be overbought on specific time frames to lead to higher breakouts just showing love and education to the trading community. cheers

노트

also seen on the 2hr

노트

now the picture is getting more clearer . I hope this helps

노트

this is the 4th cup and handle pattern

노트

we buying all dips

노트

followed this live chart

노트

by any dip Sunday/Monday

노트

prev. resistances of B leg, should act as future support

노트

Lets see if the 2hr can get it done on this cup and handle breakout. I'm aggressively looking for $74 min target on oil, w/ max 75 potentially by Friday's close