CNH
Is it gone blow upward ???Nice VCP pattern.
also a 16 week cup and handle base.
gave a BO of upper trendline (early entry) and little pullback the next day.
Exact entry pivot is above 263.
volume is very quiet.
Price at ATH. so open target.
momentum play11 week base - cup and handle
shakeout in the middle of base on weekly chart.
it changed character to bullish after breaking upper trendline.
then it gave pocket pivot on 20/11/20 off 50 MA which was also low cheat entry.
now it again gave continuation pocket pivot off 10 MA showing sign of strength.
Looking at 600 min and then even further
[Intraday] JISLJALEQS Inside Bar + Weekend lvl 8 + Inverse CnHInside Bar + Weekend lvl 8
Also an Inverse CnH which is a sign of bearishness.
Long above 59.75, SL PDL
Short below 57.50, SL PDH
If short triggers, level of 57 might act as a minor support. Take trade according to your risk management.
If gap up or down, follow 5m ORB.