A cup and handle pattern appears on this chart which suggests an upside breakout will occur in the near future.
Best case: Breakout from here
2nd best case: Handle gets a little bit longer then breaks out
Bad case: Handle gets a lot longer to the point where the cup and handle pattern no longer looks like a cup and handle, suggesting an upside breakout may not take place.
Worst case: Obviously, it can drop from here and be a failed cup and handle. No patterns are guaranteed predictors of the future.
Best case: Breakout from here
2nd best case: Handle gets a little bit longer then breaks out
Bad case: Handle gets a lot longer to the point where the cup and handle pattern no longer looks like a cup and handle, suggesting an upside breakout may not take place.
Worst case: Obviously, it can drop from here and be a failed cup and handle. No patterns are guaranteed predictors of the future.
取消訂單
This didnt work out in my favor. Cut losses yesterday and have no position.
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