Simple trading - cup and handle
We have been patient. Now we take advantage! GJ did not make it down to the .5 on the Fibb but instead rejected early at the .382. This is no problem as the cup and handle pattern is a bullish continuation pattern.
We had decided to take advantage of the sell opportunity (you can see in the previous charts below)
After very positive news for February, we are now above the previous resistance with the creation of a higher high. Watch the break and retest for a major buy to the upside
I do not see the price falling any further than it is. GJ IS BULLISH! But of course, if GJ rejects this level, be sure to watch for the creation of low lows or higher highs.
*Pay attention to Daily and Weekly timeframes
*See Previous chart for CUP AND HANDLE PATTERN
We have been patient. Now we take advantage! GJ did not make it down to the .5 on the Fibb but instead rejected early at the .382. This is no problem as the cup and handle pattern is a bullish continuation pattern.
We had decided to take advantage of the sell opportunity (you can see in the previous charts below)
After very positive news for February, we are now above the previous resistance with the creation of a higher high. Watch the break and retest for a major buy to the upside
I do not see the price falling any further than it is. GJ IS BULLISH! But of course, if GJ rejects this level, be sure to watch for the creation of low lows or higher highs.
*Pay attention to Daily and Weekly timeframes
*See Previous chart for CUP AND HANDLE PATTERN
