The Cup&Handle pattern is characterized by a previous uptrend. I'm not really sure if it can be taken into account in this case. Therefore, with the help of other indicators, apart from the Cup&Handle pattern, I could affirm a possible new uptrend.
As you can see, the RSI is somewhere in the middle, it could continue to fall a little bit more, but thanks to the StochRSI indicator that indicates oversold, I can say that this will go up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.