purple1
IMO StockCharts provides great insights into charting patterns - access via the URL below:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
Worth noting that as regards a cup & handle pattern their comment; "... As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a CONTINUATION of the prior advance. ..." ... " ... Ideally, the trend [bullish] should be a few months old and not too mature. The more mature the trend, the less chance the pattern marks a continuation or the less upside potential. ... "
Hope this helps,
Cheers,
Lapdog
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