Ascending Triangle (Cup and Handle within) 1HR

Textbook example imo of an ascending triangle, and to boot within the triangle you can see a potential cup and handle to be formed precisely in accordance with a retest zone for volume. STOCH shows a coil toward the bottom where our handle could be formed. Enter on the formation of handle, or on breakout of 7100 level with volume for more risk aversion.

I expect to see resistance around 7250, and will begin to take pieces of my position off the table until 8k.

Keep Alert!
Follow the wizard

Kommentera:

Handle formed, stay tuned Target 7250