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Price forming a Cup and Handle. In the handle part of the pattern price was supported by 61.8% Fib level.
Nevertheless the pattern will be only confirmed when the Horizontal Resistance is broken. So in case it happens we can initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price forming a Cup and Handle. In the handle part of the pattern price was supported by 61.8% Fib level.
Nevertheless the pattern will be only confirmed when the Horizontal Resistance is broken. So in case it happens we can initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.