Hi guys, pretty self explanatory here. Within the candle it has completed the ABCDE correction and looks to be ready to break.
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Looks like it has tested the handle, if this holds then it should continue onwards to tackle the top of the cup trend line.
Looks like it has tested the handle, if this holds then it should continue onwards to tackle the top of the cup trend line.
I've extended the handle trendline slightly and you can see that the price has position iteself right at the top of the cup. We will see whether it can break tomorrow.