ADEX 4 HOUR CUP & HANDLE FORMING BULLISH

ADEX 4 HOUR CUP & HANDLE FORMING. Los Angeles 1:00 AM.

Disclaimer: This cup & handle is not going to be 100% perfect but use your imagination and try to get an estimate of where everything might happen if it works out perfectly. I can assure you even if a cup and handle appears perfectly the break out might not be what it is supposed to be.

What to look for:

• RSI remains above 50+.
  
• Buying in at the bottom of the cup.
  
• Using fib lines to create (TP) target profits. I suggest creating your own and utilizing stop losses.
  
• All target profits are slightly before previous resistance levels to lock in your profit.
  
• Not all targets are going to be hit. Maybe none at all.
  
• Last but not least make sure there's volume or it becomes dud.
  

Komen:

Previous Adex post.

Komen:

Analysis needs an update.