Cup and Handle formation possible
we're having some nice channel movement ongoing and if we hit the major resistance at 2.9, retrace down to 2.6 and hold 2.6 i think we have potential to go to retest the ATH.
i am watching 2.6 to see if it acts as major support. if it's broken through with volume to the downside then this formation is invalid and we will probably retest the lows of where the channel began at 2.2
i am watching 2.6 to see if it acts as major support. if it's broken through with volume to the downside then this formation is invalid and we will probably retest the lows of where the channel began at 2.2
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