Cup and handle formation is exactly that. A test of support and profit taking. It's what we are seeing now. According to the chart I put up a few days ago support is currently around 5.5 - 5.7 which is exactly where it is now. There is resistance around high 6s , 6.7 if I remember correctly. Then the next resistance is mid to high 7s.
Cup and handle formation is exactly that. A test of support and...
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