There is a possible cup & handle pattern forming (Not an expert on this). So we need a retrace now to form the handle considering that RSI is overbought. I expect support to be at 0.382 fib level
Final confirmation is when price breaks out of the handle and later the neckline (red line).
All the best. Feedback welcome!
Final confirmation is when price breaks out of the handle and later the neckline (red line).
All the best. Feedback welcome!
Trade closed: target reached:
Both targets reached
