?maybe its completing the old cup/handle?- see below ..... tomorrow is around the 4 day minimum for the handle downtrend?- not that T/A ever works for me. Fundamentally- how long does it take for the funds to line up a purchase at the $5 window?.....
'A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as 'seven weeks' and as long as 65 weeks.
As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for 'four days' to four weeks... then it takes off.'
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