I am charting this blind by a request from a follower.
Takeaways:
Cup and Handle is forming, if it completes the pattern, Target is 7.2. Calculations are 2.36 + 4.84. Target = depth of cup + top of cup.
If patterns fails to form, MIR has decent basing patterns to rely on and decent support to go along with it. I would assume the price will push upwards. Looks good.
Takeaways:
Cup and Handle is forming, if it completes the pattern, Target is 7.2. Calculations are 2.36 + 4.84. Target = depth of cup + top of cup.
If patterns fails to form, MIR has decent basing patterns to rely on and decent support to go along with it. I would assume the price will push upwards. Looks good.