cup and handle patterns, page-3

  1. 18,874 Posts.
    lightbulb Created with Sketch. 93
    5Sh,
    Here's some scribble I think your handle has retaced 50/61.8% of the cup making it to far imo
    "The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more."
    There would be a good chance of this one failing or has already..imo..
    Someting to look for to is it did a 2nd top before the cup..
    Cheers Pete

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.