CHART PATTERN!!!
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
The target in this case is the size of the cup.
The only problem that I see here is that a Cup & Handle is a continuation pattern!
But, here, we're looking for a reversal!
The target in this case is the size of the cup.
The only problem that I see here is that a Cup & Handle is a continuation pattern!
But, here, we're looking for a reversal!
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