You are welcome.
Are you are referring to something like this? If so, thank you for bringing it to my attention
as it is a perspective I did not consider yet...
If so, I would see it as more of an arguable, though tradable (under the right conditions), Inverted H&S shoulders.
I won't bore you with all the Technical nitpicking because the target projection, in this case, would be the same.
The short of it is that the Cup & Handle ( devised by William O'neil) is, in essence, a continuation pattern and not
a bottoming pattern, though many seem to use it as such and I don't really have an issue with it as a trade signal
if it has the right volume characteristics and a very clear horizontal upper boundary.
Either way, if that little "handle" forms on relatively low volume and breaks the horizontal boundary on high volume
I would be in it for another trade (needless to say, with a stop loss).
If I misunderstood you, apologies & feel free to set me straight...
Charts NXS, page-740
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 21.5¢ | 20.0¢ | $48.85K | 244.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 37179 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 0.195 |
4 | 68656 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
2 | 23382 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 37179 | 2 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
0.245 | 400 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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