hey Cool, refer to my previous post (#6608). I know you guys are probably tired of me harping about the cup and handle formation, but the fact of the matter is that these are legit patterns, the reason they work over and over is becasue of trader mentality/pshycology. The cup and handle pattern is one of the most reliable patterns out there, and also one of the most explosive. So far, it has formed as perfect a cup as you can ask for. If you look at the far right of the chart, you'll see that is currently forming the handle portion of the pattern, this could take anywhere from several days to weeks to fully form, the cup took about 4 months to form, On the chart youll also see the trendline i drew which dates back to july 2010. If you notice, it has bumped against it 4 times. And it actually coincides with the handle breakout zone at .0045 - .005. Give it some time to fully develop, a break of that handle will be monstrous, if you see the rest of the chart, there are no further resistance points or trendlines until we reach 5 cents.
