The Key to Cup and Handle Breakout -
It lies in its strong momentum in either:
i) Before Or
ii) At Or
iii) After
The pivot level. The pivot level is its former resistance, it needs either a strong momentum to break through before or at. Even after the resistance level, with the strong momentum, it indicates a psychological clearance; the former resistance, now a support level.
The "Before" example with crude oil:
The "At" or "Through" example with gold and copper:
The "After example with silver:
Micro WTI Crude Oil Futures and Options.
Micro WTI Crude Oil
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
It lies in its strong momentum in either:
i) Before Or
ii) At Or
iii) After
The pivot level. The pivot level is its former resistance, it needs either a strong momentum to break through before or at. Even after the resistance level, with the strong momentum, it indicates a psychological clearance; the former resistance, now a support level.
The "Before" example with crude oil:
The "At" or "Through" example with gold and copper:
The "After example with silver:
Micro WTI Crude Oil Futures and Options.
Micro WTI Crude Oil
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
konhow@weipedia.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.