We can see the reliable bullish
chart pattern of the Teacup Saucer Bottom (aka Cup & Handle
) provides a strong bias to the upside. The similar hammer
candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the 143.23 July 15 high (the beginning of the pre-saucer consolidation pattern). Stay tuned.
Always feel free to leave me a comment. I love critique, as it challenges my bias and pre-conceptions; go ahead, make me uncomfortable. Then we can all benefit!:)