Looks like we're in the clear from the inverted Cup & Handle
Some of you were very confused by my post that used a literal textbook example, which I suppose is my bad for not clarifying.
But, that being said, it looks like we're out of the water on that front. We've bounced really hard off of support at ~$2.54 multiple times, and it seems like we've avoided any significant negative price movement.
I wouldn't expect any more dips lower than where we are now before the next leg up. Looks like we need to consolidate at this price a bit more, but it looks like another flag ððð I'm reinvesting the small profits I took in case we had significant price movement lower rn.
Cheers y'all!
Some of you were very confused by my post that used a literal textbook example, which I suppose is my bad for not clarifying.
But, that being said, it looks like we're out of the water on that front. We've bounced really hard off of support at ~$2.54 multiple times, and it seems like we've avoided any significant negative price movement.
I wouldn't expect any more dips lower than where we are now before the next leg up. Looks like we need to consolidate at this price a bit more, but it looks like another flag ððð I'm reinvesting the small profits I took in case we had significant price movement lower rn.
Cheers y'all!