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lowtrade

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lowtrade

Re: picheljitsu post# 32875

Friday, 08/24/2012 5:22:12 PM

Friday, August 24, 2012 5:22:12 PM

Post# of 47295
Ps; in a down trend it's called a rounded bottom.

Difference is one is a continuation pattern, the other a reversal patern. Terminology problem. If a rounded bottom develops a retrace at top resistance it's call throwback and can be watched for a second attempt to break above top resistance. Targets are determined the same. Small entry on retrace reversal and larger at resistance break.

Cup with Handle (Continuation)
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

Rounding Bottom (Reversal)
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reve

Welcome to my mind!

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