Cup & Handle
Updated
There it is.
Plain & Simple.
Consolidation = cup
Retracement = handle
Bull wave to follow > Double top?!
Trade with Caution:
Chart patterns like this are often deceptive and misleading!
Plain & Simple.
Consolidation = cup
Retracement = handle
Bull wave to follow > Double top?!
Trade with Caution:
Chart patterns like this are often deceptive and misleading!
Trade active
Yeah... mad squeeze rally. Got some 20c calls flipped for 68c and watched em climb over $2, insane. 50c spy calls made 100%, closed and watched em go 300%. Nuts!Would NOT get long here! Almost certainly another bull trap. Death crosses and RSI divergence looks grim.
Short squeeze is ferocious but brief. Could be mistaken but this looks like a 2nd wave reaction rally after an impulsive bear move on weds/thurs. 3rd wave down next week will be astonishing if the bears get control.
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