V Bottom
Updated
V Bottoms are similar to the Cup & Handle but a handle is not a prerequisite.
The V bottom is often just a pointed bottom and may be only 1 candle, and often it is just 1 candle. It is not rounded like the cup.
If you see a Cup & Handle flying high with no handle, maybe wait, or keep a tight stop, because usually (and I emphasize usually) a handle will eventually form.
This bottom is not rounded like a cup.
Both the V and the Cup use depth to calculate targets,
No recommendation.
There is always a bull market somewhere.
This is not to EL level.
The V bottom is often just a pointed bottom and may be only 1 candle, and often it is just 1 candle. It is not rounded like the cup.
If you see a Cup & Handle flying high with no handle, maybe wait, or keep a tight stop, because usually (and I emphasize usually) a handle will eventually form.
This bottom is not rounded like a cup.
Both the V and the Cup use depth to calculate targets,
No recommendation.
There is always a bull market somewhere.
This is not to EL level.
Note
The recent targets are in green/not white. I forgot to erase the old targets
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