RE:RE:RE:RE:RE:RE:Cup & Handle Formation or TeacupYeah Endeavor48 the point I was making with chry200030 is this isn't a true cup & saucer but the first wave of 5 the longer this sort of dog tooth pattern continues the more impressive wave 3 will be usually running 5 to 25 times the length of the first wave. All charts and projected analysis are based from the Elliot Wave Theory although some claim it to be their own creation. So back to current pattern we are continuously seeing higher highs and higher lows and like Macer just pointed out is aiming for the 60's. Wave 2 and 4 are sideways either up or down matters only to the next up wave duration ..... it's like planning your next 4 chess moves.