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Re: trader53 post# 27295

Wednesday, 03/21/2012 7:44:45 AM

Wednesday, March 21, 2012 7:44:45 AM

Post# of 60142
SUGO > Cup-with-Handle Pattern >

As its name implies, there are two parts to the pattern:

> the cup and the handle.

The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont