Replies to post #67 on IAC Charts

[Newly2b]

CDE

Was watching that Cw/H on the Weekly since this spring, but there are a couple of problems with it that may cause it not to play out as expected. First of all, usual depth of the cup shouldn't exceed at max 50% of the preceding rise; here we have a cup depth of 76.4% . Secondly the low of the Handle should ideally be above the 200dma; here it falls below. The volume pattern across the formation looks good, however.

I am also watching that H&S Bottom you point out on the Daily, which looks like it could have better odds of playing out as expected and the volume pattern is right. The Cw/H on the Daily doesn't work because price has to rise up to the left side of the lip like on the Weekly, not fall into it as it does here, and IMO, it is too jagged to be a Rounding Bottom. All JMO, of course.

Newly