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RE: WALTON (WTC) Needs to Finish a Correction First
Long time follower of Mr @haejin. Wonderful work educating and sharing knowledge, and I have grown much in my understanding of charting thanks to you!
@haejin and community, I wonder if the cup and handle pattern still holds, with the breakout recently? I offer the below, hope for comments to see if I have understood correctly.
Given the quick reversal from that spike up - I have to side with a possible retest of the downward (green) channel that it broke out of.
There may even be a slight overthrow beneath the green line. Once that holds - it should reverse back up.
I do admit the speed at which it reversed from the highs is much quicker than I expected. Also seems the move up won't happen til February as best guess.
