IMO, CUP AND HANDLE PATTERN WAS FORMED ON H4 PCHEM CHART BASED ON THIS FORMATION, MY TARGET IS AT 8.90 AND 11.80 STOP LOSS AT 3.80
PCHEM Rst: 8.31 Spp: 7.80 Hammer candle emerged above Fibo Ext 61.8%, positive move and no sign of softening observable from RSI, MACD. Reaching Fibo 100% is possible.
PCHEM Rst: 6.63 Spp: MA200 Bullish island reversal formation with new candle pierced through both MA200 strong resistance trendline again with above Fibo Extension 50% as well, further upside possible.
PCHEM Rst: 6.03 Spp: 5.65 Bearish candle pulled back below upper BB, no major threat from indicators, still right above C&H breakout level. Chance to visit MA200 remains.