Hello Snipers. On the one-day timeframe, we are witnessing the formation of the Cup pattern or the Cup and Handle pattern, a chart pattern in technical analysis that appears in the form of a cup with a handle on the price chart and is usually considered as a bullish continuation pattern. This pattern indicates a period of price consolidation that forms after an upward trend and is likely to continue its upward trend.
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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.