OR,
generally this pattern results in an increase from the highs of the same amount of the initial cup. (purely from my past observation. In this case, I used 6c as the bottom of the cup and 15.5c as the high, resulting in a new target of 9.5c increase or a shareprice to 24c in the same period as the initial signal, which is approx 3-4 weeks.
Initial target would be re-test of the highs, which should happen on volume and then a break of the 15.5c high.
Regards
Nih. P.s. I am an amateur chartist
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