REEF cup & handle - handle formation divergence.
Updated
As per my previous REEF chart posting, REEF has formed a massive cup & handle formation and is now working on the formation of the handle itself. The white triangle represents the area that the handle formation is occurring. Currently there is a divergence between the price action and the H.V.D. Volume Analysis Indicator which looks to be a good sign that the price action will be moving upwards to the white dashed line to continue building the handle.
I think this is going to be a very substantial, positive price move once the price action breaks out of the handle formation.
These are the only indicators that I use, and in my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) My P & L clearly demonstrates this fact.
- Haos Visual Divergence + Volume Analysis
- TTM Squeeze Pro
- Stoch MTM
- SMI MFI
I think this is going to be a very substantial, positive price move once the price action breaks out of the handle formation.
These are the only indicators that I use, and in my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) My P & L clearly demonstrates this fact.
- Haos Visual Divergence + Volume Analysis
- TTM Squeeze Pro
- Stoch MTM
- SMI MFI
Note
Don't let them shake you out of your positions. The smart money is buying up those monster red candles for a reason! I was right there with them buying up the lows.
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