Not ready yet! Watch for a double-bottom divergence on RSI/MACD. That will trigger a massive increase in volume to push us up above the handle. A break above the rim is confirmation. I'm personally interested in allocating 5% of my portfolio to this anticipated move in light of US/global monetary/economic conditions. Looking for a BUY signal around 1550 give or take.
Commento:
1-month later, analysis holding up. It may not break down to 1550. But that would be an ideal price target. This is a massive C&H, it's going to need some time and volume to breakout.
Commento:
Correction in progress...