lauralea

Cup and Handle No Rising Wedges

Long
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
The C&H pattern is Slow in forming but is forming NO Rising Wedges noted
The prior gap down may cause Hard R above price
QQQ, SPY and IWM are all traveling in a rising wedge.
Narrowing Rising wedges can be long term patterns and can travel up in them for a long time. Just be aware of the bottom trend line.
Rising wedges slope upward and contract at the apex.
Falling wedges at the bottom are often bullish and can signal a reversal from a downtrend. Examples, CBOE, CME, HSY

Not a recommendation
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