Cup & Handle formation.
Price is still within the channel, this formation could break price above.
Probably noticed charts don't have a lot of support & resistance zones or crutial areas marked, I use all TV broker charts so they don't look too hectic.
Price is still within the channel, this formation could break price above.
Probably noticed charts don't have a lot of support & resistance zones or crutial areas marked, I use all TV broker charts so they don't look too hectic.
Note
Main Pivot Point 1758 (for monday 4th) pull backNote
1764/65 resistance holding which is also the cuppa's resitance that hasn't broken yet, could consolidate.Channel resistance slowly closing in.
Drop is more likely it seems...
Note
Downside TP's1758
1745
1738
1722
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.
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.