Are we going to see a CUP and HANDLE Pattern or the Index is going to able to give a breakout and close above the Resistance Zone.

The Index took support at the support zone and EVE pattern was formed, at the resistance Doji is formed indicating confusion in the Index, Doji at resistance or support usually are reversal. If tomorrow the Index closes below the doji we can expect retracement in the Index and a small handle can be formed.

If the Index closes above the Index an upside move can be seen again in the Index.

Expecting a Retracement in the Index to formed CUP and Handle

Will the Index formed Cup & Handle or it will break upside.

Jul 24 2022