On the daily time frame, SPX/USDT has formed a classic Cup and Handle pattern, one of the most reliable bullish continuation setups. The structure shows a smooth rounded base followed by a brief consolidation forming the handle.
Now, the price is attempting a breakout from the handle zone, signaling momentum for the next leg up. A daily candle close above the handle resistance will confirm the pattern breakout and likely trigger strong upside movement.
Now, the price is attempting a breakout from the handle zone, signaling momentum for the next leg up. A daily candle close above the handle resistance will confirm the pattern breakout and likely trigger strong upside movement.
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