Cup & Handle is Developing and is about to get confirmed.
The Top Right Peak is 1441
The Low of the Cup is 1384.7
If 1441-1384.7 = 56.3 Points.
To Calculate the Handle, Max Drop is 56.4 / 2 = 28.2
1441 - 28.2 = 1412.7.
In which, It did hit that number then bounced back up.
Breakout Level is usually Breakout Level ( 1441 ) + The Cup's Point Range ( 56.4 )
Calculation of the Breakout for PT:
1441 + 56.4 = 1497.4
But I really doubt it, my optimal PT to be not greedy is 1480.
There is a Double Bottom in the Handle because it hit the bottom of the support twice. 1 @1414 another one at 1412.7 ( Bottom of the Handle ).
Also, Everything in my indicators are about to turn bullish.
Including MACD, %R, AD, MFL.
The Top Right Peak is 1441
The Low of the Cup is 1384.7
If 1441-1384.7 = 56.3 Points.
To Calculate the Handle, Max Drop is 56.4 / 2 = 28.2
1441 - 28.2 = 1412.7.
In which, It did hit that number then bounced back up.
Breakout Level is usually Breakout Level ( 1441 ) + The Cup's Point Range ( 56.4 )
Calculation of the Breakout for PT:
1441 + 56.4 = 1497.4
But I really doubt it, my optimal PT to be not greedy is 1480.
There is a Double Bottom in the Handle because it hit the bottom of the support twice. 1 @1414 another one at 1412.7 ( Bottom of the Handle ).
Also, Everything in my indicators are about to turn bullish.
Including MACD, %R, AD, MFL.
Nota
Unexpected drop from NFP & Rate Cuts to 1390~.Employment Rates rosed from 3.6% to 3.7% and the chance of a rate cut has decreased.
Stop @1380
Pesanan dibatalkan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.