already long but wanted to share these series of cup and handle patterns forming on oil... Looking for a potential retrace to 69.70-69.50 max, looking for price action to retest the breakout of the last cup and handle pattern.. leading to a larger breakout... dips will be bought swiftly
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think of this as a teaching tool... when trading bullish/bearish continuation patterns, always look for the same pattern to continue onto a higher time frame until its invalidated.. In this case, I seen a retrace of the smaller cup/handle on the smaller time frame and notice a series of the cup/handle patterns, which are currently forming inside of a much larger cup/handle pattern, which will lead to a bigger breakout..Catatan
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bullish patterns can be overbought on specific time frames to lead to higher breakouts just showing love and education to the trading community. cheers Catatan
also seen on the 2hr Catatan
now the picture is getting more clearer . I hope this helps Catatan
this is the 4th cup and handle pattern Catatan
we buying all dips Catatan
followed this live chart Catatan
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prev. resistances of B leg, should act as future supportCatatan
Lets see if the 2hr can get it done on this cup and handle breakout. I'm aggressively looking for $74 min target on oil, w/ max 75 potentially by Friday's close Catatan
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4hr cup/handle being created 
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.