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Haha good one! I think a dog bowl is valid only in an uptrend?...

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speckledjim1

12,000 Posts.

281

01/11/16

20:10

Post #: 20292278
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Originally posted by Dark Doofus ↑

Hi folks (and Dooley),

I'd like to introduce a new chart formation/name into the charting lexicon.
I present: The Dooley (aka Dog Bowl and Handle), named in honour of the DT mascot.
According to what I know, a "proper" Cup and Handle should be formed on an upward trending SP and should be formed over a time frame of about 7+ weeks.
The Dooley is like that, just happens a lot quicker

Apparently the C&H isn't all that reliable. We'll see what a Dooley throws up in the next 2-3 weeks.
Here it is for VMC ...

View attachment 317267

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Haha good one!

I think a dog bowl is valid only in an uptrend?

Any TA dudes would be able to confirm

Cheers
1 Upvote

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