I found different versions to calculate target (long) for cup and handle pattern: depth of a cup from the breakout or depth of a cup from the lowest point of the handle.
Purple arrows in both cases land on a fibonacci level, which gives me a good feeling that these calculations might be close to what we will get.
Green MFI on a daily shows that we are relatively close to the bottom.
Just for my educational purposes...
Purple arrows in both cases land on a fibonacci level, which gives me a good feeling that these calculations might be close to what we will get.
Green MFI on a daily shows that we are relatively close to the bottom.
Just for my educational purposes...
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I do not think it's a cup and handle at this time. Be careful.
