A close up of the bullflag forming above c&h rimline on total2

17 нояб.

The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line [aka 50ma ]crosses above the blue line[aka 200ma]). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*

3 дня назад

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As I was anticipating the candle that occurred on the same day as the golden cross closed as a nice bullish green candle that has confirmed the breakout upward from the recent short term time frame bull flag we had been consolidating in for the past week- week and a half. Golden crosses go into full swing almost immediately in this phase of the bull it seems, my hypothesis thus far has yet to find an exception

3 дня назад

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Once we flip the purple resistance to solid support skies the limit.

4 часа назад

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Purple lne currently testing as exact wick support.