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Thursday, October 15, 2015 9:02:10 AM
this is a cup n candle with a breakout pattern.
You could very well be spot on here. Think the key is for 50MA to hold so the base doesnt lose any ground.
Going over the last cnh was back in 2011, and coincidentally started in aug and started to build a base in oct just like now. the full pattern from start to finish took about 1 year, but never saw new lows once the price was above the 50 day on the daily as is now. Thats why i say key is the 50,if the 50 holds we can tag the 200 before any pull back.
thanks for posting made me look again.
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