Targets 1 through 3 have been met.
Big move and sometimes all we get is T1.
Cup depth is 148.77. Targets for C&H patterns are calculated using the depth of the cup projected from the EL level, which is slightly above the left side's high (sell side) then fib levels are applied. I use the .382, .618 and the .786. If price goes higher, I look for sell signals and use the 1.618 and the 1.272 as possible T2.
This is Overbought with RSI set of 80 versus 70.
No recommendation
Big move and sometimes all we get is T1.
Cup depth is 148.77. Targets for C&H patterns are calculated using the depth of the cup projected from the EL level, which is slightly above the left side's high (sell side) then fib levels are applied. I use the .382, .618 and the .786. If price goes higher, I look for sell signals and use the 1.618 and the 1.272 as possible T2.
This is Overbought with RSI set of 80 versus 70.
No recommendation
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