What in the heck? Cup and handle? You are reaching so far on that one, I won't even say "nice try". This is not even close to forming a cup and handle. And it broke through bottom SAR now, WITH NEWS no less, so the shorting will definitely continue unabated. Post an annotated chart highlighting your "cup", and I will explain why you are incorrect.
I came buy to see what all the hellabulue was here and read this post about a cup and handle , Sorry what I see is a second tier flag pole pattern that has failed on a consolidation bull pennant formation and fallen off trend.the only thing it has going for it is that it may or may not get support from the 20 Day SMA. Better take a look at the indicators that you inserted at the bottom of the page.The MACD is Telling me to get out of the way the shingles on your roof are going to pin me to the floor. Furthermore the other indicator is telling me this is about to roll over and if both lines on that Slow Stoch go past the 50 mark it's going to have follow through. If it was me I would wait and see if that area around.003 is going to hold if not the area to buy looks like to me in the .0024 or.0025 area, That is just me thou. Glad I could stop by and take a peek at the great charting work that is being doled out to folks here. TEX
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