reverse cup and handle $AMD
Looks like a reverse cup and handle here. I have been tracking this before the handle formed, just didnt think to publish this idea/observation.
Expecting the price action to break the support at $73.53. I would enter short positions once that price is broken for a higher probability of accuracy, however, i suspect if/when that support is broken that it will be a "free fall" of sorts, likely triggering stop loss sells.
Expecting the price action to break the support at $73.53. I would enter short positions once that price is broken for a higher probability of accuracy, however, i suspect if/when that support is broken that it will be a "free fall" of sorts, likely triggering stop loss sells.
Note
inverse cup & handle**Note
Flip Side: a double bottom at the support line would obviously be very bullish and my sentiment would change to a long positionNote
Never actually entered a position here -- was tracking this for practice/fun. but it is looking like this set up is no longer valid. There was bullish divergence and mabe that was enough to get bulls buying here.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.