Would you like a 3rd cup, please ?

2018年1月25日

One thing I notice is the right handle in a Cup and Handle pattern is pretty powerful. Some charts show me an inverted C&H pattern formed followed by a smaller one before it break down further to form a 3rd one (like this chart here). Other times, the right handle will shoot up sky high and distort the whole chart pattern.

I still think a 3rd cup is necessary here before the right handle shakes up the coin market. What's your view?

2018年1月26日

註釋

2nd cup almost filled to the brim. Would the market surprise us and turn upward later tonight ? Your guess is as good as mine.