EFIUSDT is forming cup and handle in 4hr time frame. Let’s see how it is going to play out.
INFORMATION ABOUT CUP AND HANDLE:
1. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
2. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
3. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
(source : www.investopedia.com...s/c/cupandhandle.asp)
INFORMATION ABOUT CUP AND HANDLE:
1. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
2. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
3. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
(source : www.investopedia.com...s/c/cupandhandle.asp)