The pattern resembles a cup and handle. It isn't perfect but it can be traded as a C&H just the same. If you drop down to intraday timeframes, you'll see a smaller cup and handle on the 4HR.
This pair has a high correlation to SPX, and major turns and corrections in the pair have often led the turns in SPX since the COVID bottom.
This pair has a high correlation to SPX, and major turns and corrections in the pair have often led the turns in SPX since the COVID bottom.
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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.