Long
ERN Cup and Handle Play
Albeit not the cleanest C&H (v-bottom), it is holding true on the 0.5 fib line right now. This makes for a low risk stop-loss (around $5.45) since this would invalidate the pattern. The C&H PT is roughly $6.75 and the 1.618 fib extension is $5.75.
*This is not intended to be trading advice, and should not be taken as such. You should do your own analysis and trade based on your opinions formed individually*
*This is not intended to be trading advice, and should not be taken as such. You should do your own analysis and trade based on your opinions formed individually*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.