I have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also. I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up...
Cup+Bout+volume+bullish candle+macd positive+good earnings+recently tested 200DMA
AMT HAS FORMED A CUP AND A BUY POINT ON BREAKOUT WITH GOOD STOP COULD REAP PROFITS
After clear Bout price has throwback to buypoint giving us a new Low Risk Entry
Perfect techniclas & Fundamental Catalyst. After testing 50DMA (this is healthy) a Cup as formed and thanks to QE breakout is confirmed. First target is $113 but real money is made when riding the wave and enjoying the momentum until MA is violated. LREP!!
If stocks continue to sell-off & panic continue to increase we could see TLT run up to $125 and testing channel resistance. This could turn into a nice swing trade
Just 3 days ago published a chart on HIMX. From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent...
Although there is a gap to fill, on a weekly looks like a cup and handle. With this, the long term lows are higher than the previous ones, and the cups handle closed the same range as the cups edges. A slight higher high on the handle side, but a lower high on the intraday trading was made on the handle's end. Volume is within the normal range on the handle what...
As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly...