possible forming a handle, waiting for confirmation of the handle. First TP 1252
Both RSI and MFI are picking up, looking for XAUUSD to rebounce further. Previous CUP has been working great.
This is official in HS pattern, so follow it until it is not valid.
This deserve a close look, as lower TF is not allow to publish, will attach it later. Right it looks it is traded in the descending wedge. Would break down?
XBI has been beaten down severely, but this Inverse Head and Shoulder has a play here.
This is just one of very likely scenarios. Lets check it out
LABU is 3x tracking XBI, it has been beaten down significantly recently. It is on the verge of recover from the bottom.
Lots sector rotation is going on, and it is time for LABU to get back to business
We have seen this multiple times when there long pin shooting star indicators are on, falling pattern is to follow.
Well this is just for entertainment, hope you like it.
I am studying cup and handle pattern, but could this an inverse cup and handle prediction?