Price is closing in on mid cup which is 3042.20.
The handle low is 2959.17 which is lower than mid cup so the this pattern is corrupted by some theories. The handle low is not supposed to go below mid cup by some definitions. It does happen sometimes though and often the cup pattern recovers. Me has seen it happen (o:
Just a rainy Monday even though the sun is out here )o:
No recommendation.
There are some positive moving average crossovers and negative volume is high, this will recover/crossing my little fingers on this one (o: I am hoping it bounces at 2959ish which is close. I do not like the W pattern in the chart, but does not mean it will not find a support level and bounce back..perhaps just meant a major pull back. I have found Ws to be bearish most of the time. Former arc so volatility will most likely continue.
The handle low is 2959.17 which is lower than mid cup so the this pattern is corrupted by some theories. The handle low is not supposed to go below mid cup by some definitions. It does happen sometimes though and often the cup pattern recovers. Me has seen it happen (o:
Just a rainy Monday even though the sun is out here )o:
No recommendation.
There are some positive moving average crossovers and negative volume is high, this will recover/crossing my little fingers on this one (o: I am hoping it bounces at 2959ish which is close. I do not like the W pattern in the chart, but does not mean it will not find a support level and bounce back..perhaps just meant a major pull back. I have found Ws to be bearish most of the time. Former arc so volatility will most likely continue.