Cup and handle

17 thg 8

Target 1 is 5800, calculated from taking the height of the cup and handle structure divided by 2, added to the top of the handle inflection point.

17 thg 8

Ghi chú

Could see this transform into a reverse H & S, keep in mind this is on a 4hr time frame, this doesn't indicate long term price trend movement. Looking to buy in around 5400, around 14% profit 2x lev.

Cup and handle structure is invalidated if it fails to break 5670. Then we can look towards the reverse H & S or a simple failure and completion of the larger long term rising wedge