Not to Cup break out but does appear to be falling from rising wedge pattern and has broken through bottom trend line. Monthly candle is a red shooting star today
Rising wedges are usually a bearish bias. It has fallen but it is possible to fall entire width of rising wedge pattern.
Rising wedges are caused by too many buyers without healthy pull backs. It is supply and demand and there are no buyers left. Irrational exuberance causes rising wedges
Not a recommendation.
Take a look at the whole table before you take your shot. Trade defensively
Rising wedges are usually a bearish bias. It has fallen but it is possible to fall entire width of rising wedge pattern.
Rising wedges are caused by too many buyers without healthy pull backs. It is supply and demand and there are no buyers left. Irrational exuberance causes rising wedges
Not a recommendation.
Take a look at the whole table before you take your shot. Trade defensively