Unconfirmed at this point but definitely a pattern I'm closely watching. As I've stated in other charts, the market is due for a 15-30% correction and I anticipate SOL to be significantly impacted since it rocketed to new to new ATHs with little to no resistance at the previous ATH.
For the record, I have an open long position in a HODL account where my SOL bags are staked at ~6% APY.. SOL has potential to reach $150+ by end of this bull cycle; however, I am cautiously watching its PA over the next several days to confirm trend.
Not financial advice. Do your own research.
הערה
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Invalidation would require HL+HH HTF candle closures.
Inverse cup and handle is a continuation pattern, so the chart would have to be in a downtrend (coming down from top left of the screen). Search on google images.
Senor_G
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@RTrader20, thank you for sharing! Still learning and this was a great lesson.