Cup and Handle Pattern Identified Early
We successfully spotted the Cup and Handle pattern from the beginning, and the price moved exactly as outlined in my previous analysis
.
However, I may have forgotten to highlight an important point: there’s a rejection zone (Order Block) where the price is expected to bounce slightly. But don’t worry—this order block is not strong enough to sustain a significant reversal.
The price will likely rise a bit before continuing its movement. So, don’t panic if you see your assets dropping today. This is simply the natural flow of the market. Prepare for further downward pressure as the dominance of the dollar strengthens.
We successfully spotted the Cup and Handle pattern from the beginning, and the price moved exactly as outlined in my previous analysis
However, I may have forgotten to highlight an important point: there’s a rejection zone (Order Block) where the price is expected to bounce slightly. But don’t worry—this order block is not strong enough to sustain a significant reversal.
The price will likely rise a bit before continuing its movement. So, don’t panic if you see your assets dropping today. This is simply the natural flow of the market. Prepare for further downward pressure as the dominance of the dollar strengthens.
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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.
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.