NFA.
Looks like a massive Cup & Handle with the two tops occurring in Dec 2017 and in May 2021.
The cup's handle has formed a bullish pennant.
The pennant's stop loss, confirmation level, and target are marked.
The cup & handle has it's target marked and the measurement shown.
Market is currently supported by the 200 moving average which is bullish.
MACD looks as if a bullish crossover could happen this week, but need confirmation.
The MACD on the daily timeframe looks as if a bullish crossover could happen tomorrow.
Volume is ready for a spike. It looks more probable given the above that the volume will be in favor of the bulls.
Notice that both the pennant target and the cup & handle target are at key fib levels.
Do you see any bearish indicators? Please let me know!
Looks like a massive Cup & Handle with the two tops occurring in Dec 2017 and in May 2021.
The cup's handle has formed a bullish pennant.
The pennant's stop loss, confirmation level, and target are marked.
The cup & handle has it's target marked and the measurement shown.
Market is currently supported by the 200 moving average which is bullish.
MACD looks as if a bullish crossover could happen this week, but need confirmation.
The MACD on the daily timeframe looks as if a bullish crossover could happen tomorrow.
Volume is ready for a spike. It looks more probable given the above that the volume will be in favor of the bulls.
Notice that both the pennant target and the cup & handle target are at key fib levels.
Do you see any bearish indicators? Please let me know!