A smooth cup followed by a handle is being formed in BLUESTARCO.
As shown in the idea, in the past BLUESTARCO has formed similar patterns thrice and gave a nice upward movement soon after.
But in all earlier cases the handle was formed above the support of 1875 but now it is being formed at resistance.
Watch how the stock behaves and take position accordingly.
As shown in the idea, in the past BLUESTARCO has formed similar patterns thrice and gave a nice upward movement soon after.
But in all earlier cases the handle was formed above the support of 1875 but now it is being formed at resistance.
Watch how the stock behaves and take position accordingly.
Note
At resistance 1874.Note
1874 Support.Note
Couldn't close above 1874. Target downwards.Trade closed: target reached
Worked well!Note
🤣 Cup and Handle breakout!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.