The handle low is very, very close to mid cup. There would be a lot of support in this zone. Possible stop below this area.
CRM has struggled to break through a channel down. CRM has broken through, just crossing my fingers it does not go back inside.
There is a battle on the handle between the bulls and the bears. A 3 Outside Up candlestick pattern appeared which is bullish, followed by a 3 Outside Down pattern which is bearish.
The 3 outside down pattern occurs when price is moving upward and begins with a green candle. This is followed by a red engulfing candle that has a higher open and a lower close that the previous green candle so the red candle swallows or "engulfs" the green candle. The third candle in this pattern has a lower close than the preceding 2 candles.
A 3 outside up pattern (bullish) is opposite, and the first candle is a red candle followed by a green engulfing candle, and finally a candle with a higher close.
Bearish candle patterns do best in a bear market and bullish candles do best in a bull market. There are some candles and candlestick patterns that are stronger than others, but the often short term signals they give can help with entries and exits.
No recommendation
CRM has struggled to break through a channel down. CRM has broken through, just crossing my fingers it does not go back inside.
There is a battle on the handle between the bulls and the bears. A 3 Outside Up candlestick pattern appeared which is bullish, followed by a 3 Outside Down pattern which is bearish.
The 3 outside down pattern occurs when price is moving upward and begins with a green candle. This is followed by a red engulfing candle that has a higher open and a lower close that the previous green candle so the red candle swallows or "engulfs" the green candle. The third candle in this pattern has a lower close than the preceding 2 candles.
A 3 outside up pattern (bullish) is opposite, and the first candle is a red candle followed by a green engulfing candle, and finally a candle with a higher close.
Bearish candle patterns do best in a bear market and bullish candles do best in a bull market. There are some candles and candlestick patterns that are stronger than others, but the often short term signals they give can help with entries and exits.
No recommendation
Comment:
Cup invalidated. Price below mid cup level