CHURCHILL CAPITAL CORP V (CCIV)
In 4 hr pattern you can see a proper cup handle formation.
In 1 day chart pattern it is clearly visible to see a black candle followed by spinning top that can be sign for reversal in coming days
On day 5 March,2021 their is a LLS .That can act as a support for this pattern.
So 2 possibilities can happen ÷
1. Retracement to the support level at 20 and then we see uptrend and remember their is gap to be filled created on 22 Feb and 23 Feb ( Price target $50).
2 . Uptrend can continue ( cup handle formation )
In 1 day chart pattern it is clearly visible to see a black candle followed by spinning top that can be sign for reversal in coming days
On day 5 March,2021 their is a LLS .That can act as a support for this pattern.
So 2 possibilities can happen ÷
1. Retracement to the support level at 20 and then we see uptrend and remember their is gap to be filled created on 22 Feb and 23 Feb ( Price target $50).
2 . Uptrend can continue ( cup handle formation )
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