The handle low is very, very close to mid cup. There would be a lot of support in this zone. Possible stop below this area.
CRM has struggled to break through a channel down. CRM has broken through, just crossing my fingers it does not go back inside.
There is a battle on the handle between the bulls and the bears. A 3 Outside Up candlestick pattern appeared which is bullish, followed by a 3 Outside Down pattern which is bearish.
The 3 outside down pattern occurs when price is moving upward and begins with a green candle. This is followed by a red engulfing candle that has a higher open and a lower close that the previous green candle so the red candle swallows or "engulfs" the green candle. The third candle in this pattern has a lower close than the preceding 2 candles.
A 3 outside up pattern (bullish) is opposite, and the first candle is a red candle followed by a green engulfing candle, and finally a candle with a higher close.
Bearish candle patterns do best in a bear market and bullish candles do best in a bull market. There are some candles and candlestick patterns that are stronger than others, but the often short term signals they give can help with entries and exits.
No recommendation