BIT Charting, page-714

Ah sneaky sneaky DP, that's why you're structuring your weekly chart the way you are.

Nah mate, that's not even close to being valid. The SP has just been trading sideways for months (red arrow) leading into that supposed cup lip. For there to be a valid C&H pattern the SP needs to trade up yo the lip for a long time (yellow arrow). That's why I asked what was the angle of the candles prior to your lip.





All in good fun. Personally I wouldn't give you 10cents for any C&H or H&S pattern, the best trades have already been completed by the time those patterns are confirmed. Stick to the simple stuff. I like drawing them when appropriate as they're a bit of fun and keep you're mind alert as just following EMA's does get a bit monotonous but I would invest a dime based off those patterns. But that's just me.

Cheers