29/10/2020 ANCOMLB - Forming inverted cup and handle
The recent daily candles shows that inverted cup and handle is in the making.
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Ordine annullato:
Inverted CnH did not formed as expected. The price goes sideway for a while now.