SOL/EURO Cup and Handle Breakout

2024年2月29日

SOL/EURO Cup and Handle Breakout

Recently THEE GOAT Peter Brandt re-shared my chart of SOL/EURO recognizing that this is a great trade.

I am in the trade with stop placed under brake out baselevel (Stop @ c. $107.80)

Good luck all

PUKA

2024年3月9日

註釋

SOL/Euro Update

I remain fully allocated & in 21% unrealized profit

Some concern from the rising wedge however I covered a lesson previously on how rising wedges with increasing On Balance Volume can often break out to the upside~see ideas on my page to find the lesson.

Bullish Rising Wedge (RW) Lesson Summary relative to above chart:

▫️ OBV increasing helps case for RW breakout (Positive)
▫️ A steep upper line on the wedge is not ideal (Negative)
▫️ Upward sloping 200day (Positive)
▫️ Any sign of waning price action is not ideal (Negative)

Leaves us 50:50

With the green candles, rising OBV and longer term cup and handle pattern, I believe bulls still have the edge.

Lets see how this plays out

PUKA