Eldorado Gold Corp (EGO)

[JoshuaJames]

See how the average volume is 2 to 2.5x !
And how many weeks has it been since we spoke about the start of the cup & handle formation ?
After the cup has formed,expect a momentum rally.
When that ends, usually there is a 15 degree descent,forming the handle before a reversal candle (known as a "harami") confirms the continuation of an uptrend.
Again...all this must be on a daily chart,any other timeframe is not to be trusted.
Textbook cup & handle is one pattern you'll never forget once you actually have your initial positions filled.