re: cup and saucer? i knew that ... RodAuntie has apologised, he...

re: cup and saucer? i knew that ... Rod
Auntie has apologised, he has taken up TA and he owns 3,448, 942 QBE ordinaries. One of these statements is true :)

Viva
A cup and saucer are essential items for one when drinking tea. Only Phillistines drink tea from mugs. Also FWIW always take the pot to the kettle, not the kettle to the pot.

Cup and Saucer patterns
Remember this: The left part of the bowl is formed as the bottom of the formation is made. As the bowl or saucer shaped pattern forms on the right, it will incur selling pressure near the previous high of the left side of the pattern. This buying and selling pressure causes the handle of the cup to form. The handle forms with a mostly sideways direction with a slight downward bias.

The time to make your purchase with this formation is when the price breaks up and through the right side of the cup at the point of the beginning of the handle.

I assumed that everyone knew that - it's my favourite trading tool.

Regards