Pattern: Classic cup and handle formation. Handle forming as a bull flag — very bullish continuation setup.
Resistance: ~$57.78 — key neckline from prior highs. Needs strong close above this level for confirmation.
Volume: Declining during handle = textbook. Suggests controlled pullback. Watching for volume spike on breakout.
Moving Averages: Price is trading above all key MAs, confirming bullish trend structure.
🔥 Most Favorable Path:
Let price tighten within the handle, then breakout above $57.78 on increased volume. If confirmed, target $66–70+ based on measured move from cup base to neckline.
⚠️ Invalidation:
Break below $50 with volume would invalidate handle and signal potential deeper retracement.
✅ Summary:
Setup: Cup & Handle
Bias: Strongly bullish
Entry trigger: Break + close > $57.78
Targets: $66 → $70 zone
Risk level: Manage below $50
*Not a financial advice
Resistance: ~$57.78 — key neckline from prior highs. Needs strong close above this level for confirmation.
Volume: Declining during handle = textbook. Suggests controlled pullback. Watching for volume spike on breakout.
Moving Averages: Price is trading above all key MAs, confirming bullish trend structure.
🔥 Most Favorable Path:
Let price tighten within the handle, then breakout above $57.78 on increased volume. If confirmed, target $66–70+ based on measured move from cup base to neckline.
⚠️ Invalidation:
Break below $50 with volume would invalidate handle and signal potential deeper retracement.
✅ Summary:
Setup: Cup & Handle
Bias: Strongly bullish
Entry trigger: Break + close > $57.78
Targets: $66 → $70 zone
Risk level: Manage below $50
*Not a financial advice
تم فتح الصفقة
How about that ???Approaching $70 target
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.