The pattern resembles a cup and handle. It isn't perfect but it can be traded as a C&H just the same. If you drop down to intraday timeframes, you'll see a smaller cup and handle on the 4HR.
This pair has a high correlation to SPX, and major turns and corrections in the pair have often led the turns in SPX since the COVID bottom.
This pair has a high correlation to SPX, and major turns and corrections in the pair have often led the turns in SPX since the COVID bottom.
You must be in the arena to win the game