The Bears have pushed the price out of the trend channel and has now been caught by the Bulls for the 3rd time on the support line.
You can now say that we have gone sideways and that the buying and selling power is approximately equal in this phase, or the price is consolidating and waiting for a breakout.
I think we'll find out pretty soon how that outbreak will turn out.
Zoomed out on the day chart the Cup n Handle, and zooming in on the handle (normal candle) we find a neat Upward Triangle (taken on the bodies of the candle).
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
You can now say that we have gone sideways and that the buying and selling power is approximately equal in this phase, or the price is consolidating and waiting for a breakout.
I think we'll find out pretty soon how that outbreak will turn out.
Zoomed out on the day chart the Cup n Handle, and zooming in on the handle (normal candle) we find a neat Upward Triangle (taken on the bodies of the candle).
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Tims.Technische.Analyse by TIMTIBBO
