A large daily cup-and-handle, and a micro structure inside it
[TECHNICAL] Two nested structures were identified, and both are recorded here with
their levels before the outcome, so they can be judged afterwards.
The larger daily cup-and-handle was identified around the mid-$75k area on
16 September (verified close $76,150.32). The approximate
rim / confirmation zone discussed was $81,000-$83,000. A classical measured
move from that structure was discussed in the $100,000-$103,000 region if
confirmed.
The smaller intraday cup-and-handle was identified on 20-21 September inside
the larger structure, with an approximate micro rim around
$81,300-$81,600 and a projected move toward $82,000+ resistance.
Verified closes at the time of the observation:
- 18 September: $80,901.46
- 19 September: $81,233.68
- 20 September: $81,142.61
[TECHNICAL] Measured-move targets are a classical construction, not a forecast.
They are recorded so that the structure can be judged against what it actually did,
including if it fails.