TIP: Massive cup and handle formation on SALT

in #salt7 years ago (edited)

SALT_cup_and_handle.png

I've taken a "buy and hold" position on this one as new top-support above previous top-resistance appears to have been confirmed. We also see the bottom of the cup handle being a classic mother candle/inside bar formation followed by an enormous bull candle closing far outside the range of the red mother candle (itself an indecision candle) indicating powerful new bullish momentum after bearish resistance having fizzled out as also indicated by the blue IB inside the red indecision/mother candle.

I see the bull-force being strong on this one!