Pertinent notes are in chart.
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt exactly textbook, which would have made this a dream but I dont think it takes away from the validity of the pattern formation either. I will be watching this closely. I havent added price targets but will once I do further analysis. as always GLTA
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt exactly textbook, which would have made this a dream but I dont think it takes away from the validity of the pattern formation either. I will be watching this closely. I havent added price targets but will once I do further analysis. as always GLTA
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.