Is it?
Note
This scenario has one important thing against it: you can't trust the weekend volumes. It can just as well turn into a kind of cup & handle when the volume returns, which would ensure a bullish course.Note
In my opinion, the cup&handle could look like this. Waiting time, that's the only fact. :)
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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.