RNU chart, page-4328

I know this is intra day only.
However, for noobs to the game, this is about as textbook as a Cup and Handle chart formation gets so a worthwhile look.



Handle formation coming along nicely. Appears to be supported by Lt trendline as mentioned above.
We were talking about 9.1 being support where the trendline currently is.
9.1 also happens to be the 50% fib retracement of the recent 10.5/7.7 high low.
Timelines high to low, low to high etc are also textbook.
If it continues to play out time wise, we may see 10.5 mid/late next week, 11 or 13 sessions from the last high.
The more data points around price, the stronger the probability of trend continuation.

Possible close today of 9.4 which is the 38.2fib. Anything higher is a bonus.