NXS 4.44% 23.5¢ next science limited

You are welcome.Are you are referring to something like this? If...

  1. YLJ
    819 Posts.
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    You are welcome.
    Are you are referring to something like this? If so, thank you for bringing it to my attention
    as it is a perspective I did not consider yet...
    https://hotcopper.com.au/data/attachments/3104/3104694-8ebf645d9fa1d5708c6163f4e1fcf236.jpg
    If so, I would see it as more of an arguable, though tradable (under the right conditions), Inverted H&S shoulders.
    I won't bore you with all the Technical nitpicking because the target projection, in this case, would be the same.
    The short of it is that the Cup & Handle ( devised by William O'neil) is, in essence, a continuation pattern and not
    a bottoming pattern, though many seem to use it as such and I don't really have an issue with it as a trade signal
    if it has the right volume characteristics and a very clear horizontal upper boundary.
    Either way, if that little "handle" forms on relatively low volume and breaks the horizontal boundary on high volume
    I would be in it for another trade (needless to say, with a stop loss).
    If I misunderstood you, apologies & feel free to set me straight...


 
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