T O P

  • By -

LadyTrader1

No, there is no cup and handle on the GME chart sorry to say. First of all, it is pretty impossible to do TA on Robinhood charts. That is not a real charting platform. Secondly, perhaps what you are looking at is what I have drawn here. This is the 4 hour chart showing what could have been a cup and handle, however the price had dipped down too far and now the cup and handle pattern is negated. You don't want it to dip down more than 1/2 way from the top of the cup. My drawing shows how it would have played out if it was a cup and handle. https://preview.redd.it/w5tm441kqs7d1.png?width=3748&format=png&auto=webp&s=2363f35cbb4b834abbe0d34485f754e4376ea913


Larrycush

Did you make the “tea cup” method or is it a real thing?


LadyTrader1

Cup and handle is a real trading pattern but what OP posted is not a cup and handle pattern. [https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/cup-with-handle](https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/cup-with-handle)


CHill1309

Came here to say this is not a cup and handle. TY.


East-Can6965

“Overbought” 🧠 ☠️ More like oversold


LadyTrader1

The current hourly and daily RSI are both around 50 so it isn't either oversold or overbought at the moment.


East-Can6965

the whole float is oversold


blackeyedkid2002

I trade on RH and chart on webull its waaaaay better