Hi Ivanovich,
Don't wish to pour water on your fire, however two things with your chart.
1. It cant be a double bottom if its not a bottom!!
2. The cup and handle formation was formed on the weekly chart with a double bottom around the 3 cent mark.
If you use the previous peak on the weekly at 21 cents (by memory) before the slide, you can draw the cup from the top of that point, you will also note the double bottom is months apart.
The target price by memory was approx. 38ish cents which is derived from the previous peak 21 cents - 3 cents (the bottom) = 18 + 21 the previous peak = 38ish cents.
Happy to post a chart on the weekend to illustrate the above.
Cheers
Hi Ivanovich, Don't wish to pour water on your fire, however two...
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