Long

Drink Up multiple cup/handle patterns forming

Zaktualizowano

already long but wanted to share these series of cup and handle patterns forming on oil... Looking for a potential retrace to 69.70-69.50 max, looking for price action to retest the breakout of the last cup and handle pattern.. leading to a larger breakout... dips will be bought swiftly

Uwaga

think of this as a teaching tool... when trading bullish/bearish continuation patterns, always look for the same pattern to continue onto a higher time frame until its invalidated.. In this case, I seen a retrace of the smaller cup/handle on the smaller time frame and notice a series of the cup/handle patterns, which are currently forming inside of a much larger cup/handle pattern, which will lead to a bigger breakout..

Uwaga

Challenge my Elliot Wave Count Looking for $95 Oil

Uwaga

bullish patterns can be overbought on specific time frames to lead to higher breakouts just showing love and education to the trading community. cheers

Uwaga

also seen on the 2hr

Uwaga

now the picture is getting more clearer . I hope this helps

Uwaga

this is the 4th cup and handle pattern

Uwaga

we buying all dips

Uwaga

followed this live chart

Uwaga

by any dip Sunday/Monday

Uwaga

prev. resistances of B leg, should act as future support

Uwaga

Lets see if the 2hr can get it done on this cup and handle breakout. I'm aggressively looking for $74 min target on oil, w/ max 75 potentially by Friday's close

Uwaga

Uwaga

4hr cup/handle being created

moneyflow_trader

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