Long

RBLX Cup and Handle

Updated

Best to wait for retest of top of cup and handle to enter long. Next level up at the top of the gap fill.

Note

I was looking to grab calls as an early entry this AM (above 40) but price got away from me in the opening hour. It's ok I'll continue to watch. The expected cup and handle is playing out well so far although!

Note

So far, the range of the handle has held. It's quite the long handle. Sort of looks like the big dipper. If you entered long on shares you are still valid. If you entered into call options I hope you bought time :)

Note

This trade is invalid. The handle just got longer and longer! The idea remains correct, but if you are playing options here theta was a killer :/

thetradedoc

It's not about the money made. It's about the freedom created.

Also on:

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.