A very defined cup has been formed - awaiting handle
Watch for the handle to be formed over the next few days
A break thru 1.80 could signal strong bullish action
Resistance of 1.80 is bottom of gap from July
Potential to fill gap thru to 2.00-2.03 with resistance @ 1.90
Recent sector strength supports this action
Watch for the handle to be formed over the next few days
A break thru 1.80 could signal strong bullish action
Resistance of 1.80 is bottom of gap from July
Potential to fill gap thru to 2.00-2.03 with resistance @ 1.90
Recent sector strength supports this action
Comment:
Mislabeled as SHORT, but obviously it is setting up for LONG