Hey Frodo how does the Cup & Handle look on your charts? Seems we are still strong in this sideways trading area?? imo
Investopedia explains Sideways Trend Sideways trend is generally a result of the price traveling between strong levels of support and resistance. It is not uncommon to see a horizontal trend dominate the price action of a specific asset for a prolonged period before starting a move higher or lower. Brief consolidation is often needed during large price runs, as it is nearly impossible for such large price moves to sustain themselves over the longer term. lets hope
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