CHAINLINK Cup and Handle formation
Not sure which cup and handle to take because i am not picasso. But u may agree on what I see
Target 1: $22.50
Targer 2: $25.00
However you like to draw it, we have confirmations now of a cup and handle formation on the longer time scale.
CUP AND HANDLE RULES:
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks.
After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more. (Caution: WE DID WICK MORE)
Not your financial advisor,
Like would be appriciated so I will post more ideas.
Target 1: $22.50
Targer 2: $25.00
However you like to draw it, we have confirmations now of a cup and handle formation on the longer time scale.
CUP AND HANDLE RULES:
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks.
After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more. (Caution: WE DID WICK MORE)
Not your financial advisor,
Like would be appriciated so I will post more ideas.
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