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.
EFE Charts, page-288
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.967M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9398598 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5218304 | 19 |
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