As you can see in the chart, the price is squeezing between the 2 descending trendlines and the floor support.
If these two triangles are broken upwards, we can predict the possibility of creating a cup and handle pattern.
If these two triangles are broken upwards, we can predict the possibility of creating a cup and handle pattern.
Note
Update:
As you can see, the first downward trend was broken.
The price went up exactly to the second trend and touched it
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Related publications
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.