This is not looking good at all. The Cup and Handle pattern is completed and this might trigger a big drop. The good news is that we might be in a descending wedge currently and this could give us a bounce upwards when the iv leg is completed.
Be careful on this one!
Be careful on this one!
Note
Look out for break out on the upper line (descending wedge).Note
Break out next?
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Related publications
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.