Hi Bakmaam, no there’s not a C&H pattern playing out here. That...

Hi Bakmaam, no there’s not a C&H pattern playing out here. That pattern needs to begin from a far lower SP where the potential cup you are referring to is coming from higher SP’s.
I know it’s far more boring but best to simply follow the pattern of higher highs and higher lows (uptrend) rather than lower highs and lower lows (downtrend).
All those patterns like C&H’s, Head & Shoulders, although a bit of fun to chart, are a pretty low performing indication and mainly an “after thought” pattern meaning that there have already been a few trades made on reliable indicators while your waiting for those other patterns to play out. IMO.

Below is a demonstration on how C&H patterns are set up.



Cheers.