Price broke EL, experienced a throwback, and is now below EL level.
A throwback is different than a pull back. Pullbacks are a healthy for price movement.
A throwback occurs when price breaks long entry level for a pattern then fall beneath that level within a few days.
Throwbacks can hurt performance.
Targets for a C&H are calculated using the cup depth and fib levels. The cup depth is 47.47
No recommendation.
A throwback is different than a pull back. Pullbacks are a healthy for price movement.
A throwback occurs when price breaks long entry level for a pattern then fall beneath that level within a few days.
Throwbacks can hurt performance.
Targets for a C&H are calculated using the cup depth and fib levels. The cup depth is 47.47
No recommendation.
Note
5/3 Descending Triangle
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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.