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When looking at this potential Cup and Handle playing out for $ALGO, the typical retracement for the handle is the swing low to swing high .382 fib. It still has a bit to get there but does not have to.
The lowest the bottom of a handle can go and be a legitimate C&H structure is the .5. Lastly, C&H's are only valid if at least 7 weeks in development, which this is. Let's see how it continues to play out.
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