H4 cup-and-handle rejected at 3200; pattern formation still looks possible on D1 if we can maintain above 3k to prevent convergence.
Imo I would use ~3060 as today's close value indicator to determine if a bearish piercing will occur.
If so, expect a volatile dip that could send us back down towards long-term trendline (solid purple).
Imo I would use ~3060 as today's close value indicator to determine if a bearish piercing will occur.
If so, expect a volatile dip that could send us back down towards long-term trendline (solid purple).
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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.