GREY:PCCLF - Post by User
Comment by
Explore4Moreon Feb 29, 2012 2:43pm
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Post# 19606298
RE: textbook cup&handle....
RE: textbook cup&handle.... ete
The Cup and Handle pattern has long been my favorite patterns to trade. This short-term bullish continuation pattern gets its name from looking like a rounded cup with a handle on the right side. The primary reason that I like this pattern so much is the low failure rate it sports compared to other chart patterns. This is especially true when dealing with industry leaders. The average rise for this pattern is an appetizing 34%.
For FOS the Big Buy Breakoiut Signal ( FOS --->
.038 )on the cup and handle pattern comes when the price closes above the right cup rim on significant volume .....