A cup is clearly seen at the chart, the base of this is the low around $22.
We can actually see the possibilities of forming a handle is pretty cool. The blue rectangle at the handle is the accumulation zone.
If it is working fine, we should take a long position at the breakout after handle is formed.
Remember: Every chart pattern is not a sure shot for the upmove, DYOR first before proceeding, you're the owner of your funds.
We can actually see the possibilities of forming a handle is pretty cool. The blue rectangle at the handle is the accumulation zone.
If it is working fine, we should take a long position at the breakout after handle is formed.
Remember: Every chart pattern is not a sure shot for the upmove, DYOR first before proceeding, you're the owner of your funds.