Courtesy of Market Tamer
Dow Jones
S&P 500
NASDAQ
– The inverse of a Cup & Handle Chart Pattern.
–The stock bounces off of a support level and moves higher on unremarkable volume.
– A “Rounded Top” forms and then subsequently moves lower on increasing volume producing “The Cup”.
– The pattern is completed when a Bear Flag forms producing the handle.
– The breakdown occurs when the stock breaks the low of the handle on increasing volume.
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