Cup and handle formationEC is forming a nice cup and handle formation but the formation of the handle is usually
a consolidation period(what we have now,look at the 2 year chart above)
this started at the end of 2009,when it topped (so 2 months now).I guess it needs another 2 weeks before
a breakout above 1,40 cad to form the handle.The pullback,the lower side of the handle(descending wedge)
is probably in.That was a nice retracement and buying opportunity(bought some more at 0,66)
Now let's see...