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EFE Charts, page-288

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    No because:

    *C&H are continuation patterns and are reliable when they form in the direction as part of a strong trend. In this instance this wouldn't apply as you attempted to portray a bearish/inverted C&H in a long term uptrend.
    *Volume signatures are wrong. There should be significant volumes on each side of the cup accompanied by significant volumes at the centre to signify a climax.
    *The shape of pattern itself is sloppy as there is a significant part of trading outside the curve on the left.
    *The handle would be too long relative to the cup.
    Last edited by Jnnl: 16/11/22
 
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