forming a cup and handle which is a reversal pattern.
Note that the handle range is subjective and can form as low as 4200 $
once the cup and handle breaks above the target is equal to the cup hight which sets it around 7900$ level
Note that the handle range is subjective and can form as low as 4200 $
once the cup and handle breaks above the target is equal to the cup hight which sets it around 7900$ level
Trade closed: target reached:
Never underestimate the bull horn !
A: scaling out progressively as we are approaching the target !