Thanks i buybullion . Hidden talents among the stt group.
Anyway cup and handle for the week . Last weeks broke up so dazed and i need be aware the text book not always plays out perhaps ?
Agl has rising linear numbers similar to sgt which mind you i dont think ive seen one stay in the scan so long ? Mostly they bounce around between scans where interest sparks me up.
Both stocks bounced off the fifty day ema in the bottom of the cup with an overhanging 100 day linear above the price . A cross of the forty day which underlies the handle by the twenty day linear line .The twenty day cuts under the price in the middle of the cup around the dojis. Now this to me is the early change of trend signal bottom .
Area you would play before waiting for confirmation of your indicators . I call that the day trade area . Mind you ive spent hrs looking at different charts so the linear curves are of interest to me as its what i scan for .
Just cannot quite get this break up right yet ! I would normally steer clear of the one hundred day linear breaking above the price but we have a pattern that maybe points to strength of the linear movement in price? ie a pointer to a certain pattern.
The trix is about the right postion the obv is rising .
Interested in your comments Free Dazed Pilsner?This scan gets this pattern a lot . Its my rock for learning technical trading scanning etc. Master a pattern and move on to another maybe?
