CUP AND HANDLE TEST

Mar 15, 2021

CUP AND HANDLE ON WATCH. PLANNING TO OPEN A BUY POSITION @ 19.14, AND WAIT TO REACH THE GAP, ADD AT RETEST AND TRIM WHEN IT REACH THE ATH.

Mar 17, 2021

Note

as per my 1h timeframe, a formation of an inverted H&S will be tested, which changed my entry point @ 19.75 plus spreads (depends on the platform used). I will be monitoring the above patterns and update you guys!

Mar 18, 2021

Note

yesterday it went down to 19.18, and that's the best entry point for me. waiting for the confirmation of this cup and handle formation, which i think if it will not rally today, maybe next week it will reach the gap line.

Mar 19, 2021

Note

pattern rejected, possible reason: "Fed won’t extend relief for banks from key capital rule"