ICICI bank - Cup & Handle bo
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Cup & Handle breakout
1) Strong trending move
2) shallow pullback after a big move, progressively weakening sellers on next wave of selling
3) Quick shakeout within the handle and price moving back up quickly
4) RS consolidating at all time high while price fluctuates in narrow range
this is a weekly tf structure and will play out over next 8-12 weeks
1) Strong trending move
2) shallow pullback after a big move, progressively weakening sellers on next wave of selling
3) Quick shakeout within the handle and price moving back up quickly
4) RS consolidating at all time high while price fluctuates in narrow range
this is a weekly tf structure and will play out over next 8-12 weeks
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