cup n handles are a bogus patterning conceptsuggest when you...

cup n handles are a bogus patterning concept

suggest when you read about them, or they are pointed out, you ask these simple questions

at what point did you decide you have a CnH pattern is valid
what are the levels that decide/define that
what are the risk and bank levels if we enter (assume long) at the level you set now that youve defined a CnH,
what is the price level where the CnH is confirmed
how much time are we likely to have our capital in place awaiting the confirmation,
where is the lip of the cup that confirms the CnH has printed,
the lip having printed what level would now be the risk level ?

in most instances most protagonists of the CnH define risk pertinent to them, which is rarely connected to the shape so theyre not
actually trading the shape theyre trading something else,
the original arbiters of this patterning concept clearly define risk based on shape but at what point does the shape fall apart
and how long is a wavey piece of string !!

if you cannot answer those questions be a bystander
if those questions cannot be answered by the person who proposed the CnH, be a bystander

in most instances the person who proposes a CnH in progress never backs up their claim or they just disappear when the
shape begins to fall to bits, they never propose the risk level or even the bank level, in most instances by the time
the shape is "seen" the risk is so wide it is laughable, of course, many argue (without money on the table) that CnH are a valid
shape, yes, in hindsight, sure....

CnH or HnS patterns are distinctly and quantifiably not the same as a repeating fractal, a fractal has a distinct ratio construct valid unto itself and is often a relative measure to the larger phase or trend it is printing in, whereas patterns are a guess with widening risk depending on where you you say it is a pattern versus where you enter x the stop
...and that's the problem with shapes....the risk requires you to call a shape but offers a juxtoposition of widening risk or worse still having to
reduce your exposure so much because of the risk that it is not worth the effort (poor risk/reward)

in the case of $CRR the CnH is not of any value given that we started a brand new uptrend from a lower low baseline
and the same can be said of the [volume] market structure or volume structure, again,
as we are in a brand new uptrend that started April 11th .005
completely different phases, the CnH is not nestled like a typical trend interruption

if we were to look at the volume structure alone then probabilities say .085's is the uh-oh level, arguable that that vpoc is a magnet
retail pukes and deep pockets,soak the discount likely that level is supported extremely well, imo

must be saturday morning and these are just words on a screen
.....coffee