Bio look up the "Falling three method" pattern. It is also a continuation pattern. Neither the Mat hold or falling 3 are quite right but both are pretty close. The falling three is almost the same but the guidelines are not as rigid as a Mat hold. Good thing about both is they both expect a gap up in the AM and a close higher then the high of the past 3 days.
One thing to note is both are 4 day patterns and 4 day are rare.
IMO the JCP is predicting a gap and high close. Since the only thing at this point that could entice a gap would be news I think the JCP is predicting news. LOL
We will see how the crystal ball works
Also worth noting is we are working on a pretty good cup and handle pattern over the past 9 months (easy to see on weekly chart). If we do happen to get up to the 52 week high over the next 2 or 3 months we could see a short drop and a skyrocket after. I have not seen a cup and handle pattern fail very often
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