The formation looks like a frying pan with the handle on
the left sloping downward to the pan. After a deepening
decline that takes price into the pan base, price
level out and eventually soars out the right side.
The handle forms a down-sloping trend line that
approximates 45 degrees. The handle portion of the
formation is called the lead-in as it leads in to the bump
phase
the left sloping downward to the pan. After a deepening
decline that takes price into the pan base, price
level out and eventually soars out the right side.
The handle forms a down-sloping trend line that
approximates 45 degrees. The handle portion of the
formation is called the lead-in as it leads in to the bump
phase