Law of Gravity at work
Blue dotted line - support line
Inverse Cup and Handle pattern - another smaller inverse cup and handle is forming in process, giving buyers a false sense of breakout before it pulls back again to hit below the support line. Also, notice the MACD is going to cross over, if it does, then short term, it would goes up.
Let's see if it turns out the way as per my chart.
Inverse Cup and Handle pattern - another smaller inverse cup and handle is forming in process, giving buyers a false sense of breakout before it pulls back again to hit below the support line. Also, notice the MACD is going to cross over, if it does, then short term, it would goes up.
Let's see if it turns out the way as per my chart.
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