Depth of cup from the top of the shoulders to the bottom of the cup is.
6.4c - 3.8c = 2.6c
If 5.5c holds and we move beyond 6c and this plays out,
expect the next leg up, purely on a technical basis to be around 6.4c + 2.6c (depth of cup) = 8.8c. Add in a sprinkle of fomo and that could move to 10c before settle down around 9c, waiting for approval.
This is negated if 5.5c falls with volume.
all my ramblings.
may well be very wrong.
Depth of cup from the top of the shoulders to the bottom of the...
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Last
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