BLZUSD current weekly candle has a sizable bullwick
If the current weekly candle on bluzelle can close above the rimline for this cup n handle pattern it should solidify the current bullwick it has made after having a sizeable dip below the rimline earlier in the current weekly candle. Only have to worry about readjusting the measured move line in my opinion if we close the weekly back below the rimline as I would guess that this c&h is most valid on the weekly timeframe. However we have closed at least one daily candle back below the rimline again so there is a slight chance the measured move would be better suitaed to be moved to the third break above the rimline on the weekly channel. For now I’m keeping the measured move line where I have it, but I may clone the line and put the clone at the third breach of the rimline on the daily chart jsut to see if it seems to be holding more legitimacy with its interaction with price action than the measured move lines current location does. Odds are good if this weekly does close above the rimline that bluezelles retracement may soon be ending and the pump resuming. *not financial advice*
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