Workhorse - Cup and Handle
WKHS at the neckline of small cup and handle ready to potentially break up on H4. Higher time frame confluence of a macro double bottom (2018/19 - red line) before it went on it's most recent crazy run up and back down to these pre covid levels.
Expecting a similar outcome so targets (Purple lines)
T1 - 60
T2 - 70
Multiple drives of RSI divergence on the H4 and even D1 combine this with rising volatility and could be new trend forming on lower time frames.
Macro Reversal Plan - hit above target; then reverse to the lows of 40 and paint a W pattern at the lows on a higher time frame (or continue downside).
Expecting a similar outcome so targets (Purple lines)
T1 - 60
T2 - 70
Multiple drives of RSI divergence on the H4 and even D1 combine this with rising volatility and could be new trend forming on lower time frames.
Macro Reversal Plan - hit above target; then reverse to the lows of 40 and paint a W pattern at the lows on a higher time frame (or continue downside).
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