One thing I notice is the right handle in a Cup and Handle pattern is pretty powerful. Some charts show me an inverted C&H pattern formed followed by a smaller one before it break down further to form a 3rd one (like this chart here). Other times, the right handle will shoot up sky high and distort the whole chart pattern.
I still think a 3rd cup is necessary here before the right handle shakes up the coin market. What's your view?
I still think a 3rd cup is necessary here before the right handle shakes up the coin market. What's your view?
Commentaire:
2nd cup almost filled to the brim. Would the market surprise us and turn upward later tonight ? Your guess is as good as mine.