#ONMOBILE Perfect Cup & Handle Pattern With Volume Confirmation.
Cup and Handle Pattern Formed in ONMOBILE with Nice Volume.
Currently ONMOBILE trading at 178ish Level . ONMOBILE previous High was at 133 Level at March 2021 after that it broke that Level in July 2021 but it didn't sustain up above 133 Level .
Second time it broke that Level in Late January 2022 and made a New High of 172ish Level and second time it didn't Sustain as well and came back down to 120 level .
Third Time it Tested the same 172 Level but failed breakout that Level as well but Now the Scenario changed , it took Support on 133 Level which was all time high in July 2021 and come back up at 172 Level .
You may be thinking this stock Betray us lots of time why we Should buy this Stock Now ?
Because Now the Whole Scenario has changed previous times we only get Volume confirmation of Breakout, that's where all Retail Players get trapped . Always Look for more than 2 Confirmation which proves your Point .
** First Confirmation is Look At volume Sudden change in Volume .
** Second confirmation It Nicely took support on Previous ATH.
** Third Confirmation is If you look at the Bar Closely you can see Higher High in Hourly timeframe Near the Breakout Level with Volume .
** Fourth Confirmation is Nicely Textbook Type Cup and Handle Pattern , At the Base of the Cup you didn't see Enough Volume that is the Good Thing Because at the Base all the Big players Buy and then they Spike the Price Up.
Always Look for more than 2 confirmation saying the Same Thing , Don't buy or sell if you only see some pattern appear on Chart . This is where Most retail go wrong and then They talk BS on Twitter .
Stay Focused guys , Learn and Earn .
If you have any Question About this Feel free to comment i would happily like to answer them.
Currently ONMOBILE trading at 178ish Level . ONMOBILE previous High was at 133 Level at March 2021 after that it broke that Level in July 2021 but it didn't sustain up above 133 Level .
Second time it broke that Level in Late January 2022 and made a New High of 172ish Level and second time it didn't Sustain as well and came back down to 120 level .
Third Time it Tested the same 172 Level but failed breakout that Level as well but Now the Scenario changed , it took Support on 133 Level which was all time high in July 2021 and come back up at 172 Level .
You may be thinking this stock Betray us lots of time why we Should buy this Stock Now ?
Because Now the Whole Scenario has changed previous times we only get Volume confirmation of Breakout, that's where all Retail Players get trapped . Always Look for more than 2 Confirmation which proves your Point .
** First Confirmation is Look At volume Sudden change in Volume .
** Second confirmation It Nicely took support on Previous ATH.
** Third Confirmation is If you look at the Bar Closely you can see Higher High in Hourly timeframe Near the Breakout Level with Volume .
** Fourth Confirmation is Nicely Textbook Type Cup and Handle Pattern , At the Base of the Cup you didn't see Enough Volume that is the Good Thing Because at the Base all the Big players Buy and then they Spike the Price Up.
Always Look for more than 2 confirmation saying the Same Thing , Don't buy or sell if you only see some pattern appear on Chart . This is where Most retail go wrong and then They talk BS on Twitter .
Stay Focused guys , Learn and Earn .
If you have any Question About this Feel free to comment i would happily like to answer them.