I have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals)
Price comparison points can be drawn between the green ovals
Major trendline in bold white line
The Cup and Handle pattern is an addition that supports the bull idea
Price comparison points can be drawn between the green ovals
Major trendline in bold white line
The Cup and Handle pattern is an addition that supports the bull idea
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.