Cup on /CL 240 minute looking good

[CL_Ftrader]

I don't think this is a cup and handle - its just a range. In fact on some of my medium term charts things looked slightly bearish more than anything if I remember right. There's a continual liquidity area around 59.30 for weeks now that price likes to return to and then bounce off of. And whoever said remove VP I disagree. VP is significantly useful.

I've been using the outside range of 2014 as my major levels. It's been quite technical in those regards.

 

[CL_Ftrader]

Why do yoy use charts when running algos?

In addition we use a chart that has many inputs and we like to see how it performs.

Why do yoy use charts when running algos?

Many of the inputs for the algo are based off the chart. The system takes different entries and exits off of it also.

 

[Redneck]

I don't think this is a cup and handle - its just a range.

A range..., within a range..., all built upon another range

Why OP taking it diagonal (with the TLs / channels) - when should be taking it horizontal - until price says otherwise of course

But then what do I know


RN