Cup Shape: The price action has a rounded base, reflecting the "cup" part of the pattern.
Handle: There appears to be a minor consolidation after the rounded base, forming the "handle."
Target Levels: The chart includes potential target levels for upward movement, labeled as Target 1, Target 2, and Target 3.
Indicators: The overlay suggests a relatively balanced bullish/bearish sentiment, but momentum looks to be shifting towards bullish.
Handle: There appears to be a minor consolidation after the rounded base, forming the "handle."
Target Levels: The chart includes potential target levels for upward movement, labeled as Target 1, Target 2, and Target 3.
Indicators: The overlay suggests a relatively balanced bullish/bearish sentiment, but momentum looks to be shifting towards bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.