It may not be an identical cup-and-holder pattern for you & me.
But there are some standards that this chart has proved:
- Phase 1: The uptrend sine 2020 and then the GREAT FALL in May 2021.
- Phase 2: The cup was formed in 3 months which is long enough.
- Phase 3: A nice handle is appearing at the end of the chart. They try to break through $500 resistance. And in case it does, go for amazing run to $750
Go LONG for a while !!!
But there are some standards that this chart has proved:
- Phase 1: The uptrend sine 2020 and then the GREAT FALL in May 2021.
- Phase 2: The cup was formed in 3 months which is long enough.
- Phase 3: A nice handle is appearing at the end of the chart. They try to break through $500 resistance. And in case it does, go for amazing run to $750
Go LONG for a while !!!
註釋
wait for the candle closed above 500 then entry
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