Currently, we're observing the price action of HAR.
On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation.
Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward breakout that could trigger demand and stronger buying activity.
The price has dropped by 29% from its prior high in May. The current testing of the bottom trend line, which has previously acted as support.
In this juncture, both patterns remain possible. We're awaiting a clearer upward or downward move for a potential entry point.
We're eager for your insights too. Please feel free to share your thoughts on which pattern you believe is more likely to play out and any strategies you're considering in this situation.
On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation.
Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward breakout that could trigger demand and stronger buying activity.
The price has dropped by 29% from its prior high in May. The current testing of the bottom trend line, which has previously acted as support.
In this juncture, both patterns remain possible. We're awaiting a clearer upward or downward move for a potential entry point.
We're eager for your insights too. Please feel free to share your thoughts on which pattern you believe is more likely to play out and any strategies you're considering in this situation.