Dear Friends <3
You know, how D4rkEnergY cares about you! I have this crush on this wonderful girl. So pretty, beautiful brown eyes, long brown hair, big lips and a perfect body... BUT don't get me wrong. And don't judge her by her looks!
In fact she is also super smart and intelligent. What more can you expect from a girl? She is a KEEPER. Her name is Ada Cardano!
She is indeed my dream girl... But you know what? - I have decided that you can borrow her for a day or two - D4s motto goes like this:
"Sharing is caring"
Let's therefore take a look at the 1D ADABTC Chart. As you can see we have a perfect Cup and Handle pattern. Usually it it a continuation pattern, where we come from an uptrend, BUT it's also o.k. if we come from a downtrend, as long as we make a rounding left shoulder, as you can see on the pattern. The cup is a nice U-shape (Not V), and the handle is perfect due to decreasing volume.
Where is the target?
You can use Elliott Wave Theory to determine it, but here we use classical charting. So you measure the length from the bottom of the cup to the top, and then apply the same length from the handle.
As you can see it's already pretty overbought, but you can still make it. BUT BUT BUT...I would advice you to wait buying until it has retraced a bit. Take a look at the smaller time frames to determine that.
You are welcome, guys. And have fun with her - she is pretty amazing <3
D4 Cares About You <3
Please leave a like for my generosity ;)