Stewdamus' Chart Analysis & Trade Alerts

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This is why I wait for 3 confirmation candles on the daily!

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This is why I wait for 3 confirmation candles on the daily!

#bitcoin #btcusd #cupandhandle #price #predictions #stock #dollar #dxy #vix #us500 #us10y #us02y

stewdamus
Feb 24, 2023
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This is why I wait for 3 confirmation candles on the daily!

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Traders,

At times, during the last week, it looked as if our Cup and Handle pattern was going to be legitimized. However, caution was admonished. We had not yet seen 3 candle closes above our neckline on the daily which would have allowed for the safest entry. Though, we played around above the neckline for over a week, the break was never confirmed with 3 solid price closes above the neckline on the daily. This provides valuable teaching material for us all to observe and learn from going forward.

  • I will review price history and show you what I needed to see for solid confirmation.

  • I will also review the four charts I was observing this past week.

  • And finally, I will show you what the picture now is looking like going forward.

Stew

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This is why I wait for 3 confirmation candles on the daily!

www.stewdam.us
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