Target for us stock market (NYSE COMPOSITE INDEX) cap and handle
firstly : The NYSE Composite (^NYA) is a stock market index covering all common stock listed on the New York Stock Exchange .
the inverse cup and handle pattern, would lead as toward the red rectangle , which represent 10-13.5% fall from today's price .
the indicated zones consist of ; 2 strong supports , 1.382fib level , Hosoda target and cup and handle target .
this target would give us a correction of 30% from the ATH .
the pattern is unfortunately confirmed with the retest of the breakout . but remember , TA is only probabilities!
this is not a financial advice .
thank you .
the inverse cup and handle pattern, would lead as toward the red rectangle , which represent 10-13.5% fall from today's price .
the indicated zones consist of ; 2 strong supports , 1.382fib level , Hosoda target and cup and handle target .
this target would give us a correction of 30% from the ATH .
the pattern is unfortunately confirmed with the retest of the breakout . but remember , TA is only probabilities!
this is not a financial advice .
thank you .
Commento:
i will be sharing ideas from my new account : www.tradingview.com/u/Benterkiayoucef/