Cup & Handle Formed, wait for breakout
Looks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the pattern will be complete.
Control your risk, have tight stops and targets in mind before entering a trade.
Disclaimer; this is not a trading advice, do your own due dilligence.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the pattern will be complete.
Control your risk, have tight stops and targets in mind before entering a trade.
Disclaimer; this is not a trading advice, do your own due dilligence.
Disclaimer
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