AAP Adam & Eve? Cup and Handle?
Adam & Eve is a double bottom pattern. I think I see one here, but I don't have a lot of experience 1) catching these or 2) trading on them. I'm posting this less of a long call, but as an exercise to see how price action reacts at these levels.
Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this region, it often moves up in a strong trend. (source: thepatternsite.com/aedb.html)
I can also make out what I think is a cup and handle.
Note to Self: Study how/if A&E and C&H can/do work together.
Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this region, it often moves up in a strong trend. (source: thepatternsite.com/aedb.html)
I can also make out what I think is a cup and handle.
Note to Self: Study how/if A&E and C&H can/do work together.