Chart shows the 2 target prices. Most likely the bottom is in. Energy should be bullish in an economic recovery unless a black swan happens again. Not trading advice
Hi there, Cup Handles have certain rules when they are actual CHs and when not. BE failed unfortunately. Please be so kind and read this explanation investopedia.com/terms/c/cupandhandle.asp
xtremerider8
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@Raddy2020, thank you for sharing…nice read. I normally view patterns only as a guide to possible price action (they don’t always play out anyway) but I always put more weight on other indicators. I’m confident BE will hold the FIBO level & the horizontal support zone. Still holding well despite markets falling