This is the classic cup and handle formation. As you see the cup has formed and it is finalizing the formation of the handle. I expect this to bounce and head up for a nice day trading long position. If you take a look at the momentum it is suggesting the bullish movement going up soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.