Looks like another potential Cup & Handle.
The yellow one doesn't really have a neckline point on the left side so I'm not sure how valid it is - otherwise it looks pretty good. Breakout may be happening now.
If you draw it with the neckline at the previous peak (purple), we've already broken above the neckline and the target is similar.
My for either one is going to be in the 1300 range.
Good luck!
The yellow one doesn't really have a neckline point on the left side so I'm not sure how valid it is - otherwise it looks pretty good. Breakout may be happening now.
If you draw it with the neckline at the previous peak (purple), we've already broken above the neckline and the target is similar.
My for either one is going to be in the 1300 range.
Good luck!
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BTW, if this pans out it'll bring us up to the neckline of the BIG C&H:
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Although that big C&H above isn't the strongest case since cup & handles are continuation patterns. It still looks bullish in any case.
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Here we go...
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Welp, bitcoin happened...stand by lol
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Momentum stalled by the bitcoin rally, but it held up surprisingly well and the C&H formation hasn't been invalidated. Will be watching closely but I'm still bullish and keeping my position open.
