We have broken the downward trend and have formed the bottom of this cup. Look for handle to form around .80, then an upwards trajectory to about 1.15
I expect we will see some hesitation around a dollar, but I doubt that will cause too much of an issue, but maybe another handle like formation then up we go.
See previous analysis of theta linked below.
I expect we will see some hesitation around a dollar, but I doubt that will cause too much of an issue, but maybe another handle like formation then up we go.
See previous analysis of theta linked below.
Comment:
We are in the handle formation of the cup and handle now. I expect the low to be around .65 dollars, then break new all time highs.
