Has formed a cup but I do not see a handle, possibly pull back to form handle or there may be one in there and I just do not see it.
Still in an ABC bullish pattern as well..Targets for the ABC pattern were 176.5 and 192.5...C is at cup low.
weekly candle indicates possible pull back so maybe a more discernible handle will form.. ''NV is flat. It appears smmart money did their accumulation back down at 17to 15 range..OBV and Positive volume are high...be safe as the next cycle will be the distribution phase and smart money is and will be selling...Nothing goes up forever unfortunately..
Not a recommnedation
It is when you are winning, that you are the most susceptible to making a mistake. (o:
Still in an ABC bullish pattern as well..Targets for the ABC pattern were 176.5 and 192.5...C is at cup low.
weekly candle indicates possible pull back so maybe a more discernible handle will form.. ''NV is flat. It appears smmart money did their accumulation back down at 17to 15 range..OBV and Positive volume are high...be safe as the next cycle will be the distribution phase and smart money is and will be selling...Nothing goes up forever unfortunately..
Not a recommnedation
It is when you are winning, that you are the most susceptible to making a mistake. (o:
Note
There is also a pattern that resemble a cup and handle, called an ascending scallop which has no handle and is bullishNote
No true handle has formed. It does look like this touched 144.29 and found support. At this point, the support I see and is at Mid cup at 140.58 and 137.5ish. I like to see a fairly clear handle and closer support levels. There is an open gap as well. We are all different and have different tolerance levels. Perhaps this will slow down and consolidate. Volatile stock so be safe!
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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.