PNN
A suggestion of a cup and handle - shall we check the requirements
- Cup formation - close enough...and over a nice extended period
- Handle correction (ideal range between 10 and 30%) - however 50% is not entirely out of contention
- Volume confirmation - volume should contract as the handle forms and then expand on the breakout
All seems fine - therefore one should be patient and wait for a breakout from an accompanying volume increase and a close above the line.
This is not trading advice simply a conceptual offering..........
Today's award goes to @Pridar
