- 12-week cup with handle pattern forming (to be confirmed)
- 37% deep cup from prior high
- 15% handle length (reaching proper depth already)
- estimated target +16.5 from handle breakout (base 25.5 to right top of cup 42.0)
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
Comment:
Slightly off in timing of the handle but its come through
Typically cup and handle patterns have high success rates of fulfilling their target, yet here this is a probable failure.
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.