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Cup and Handle

Cup and Handle

Submitted by Roanman on Thu, 09/02/2010 - 09:40

 

I skulk through Jesse's Cafe' Americain once or twice a week.

Sometimes his analysis is a little deeper than I am tall.

But I keep coming back probably, mostly because I almost always agree with him when I can figure out just what the hell he's talking about.

Among the most time honored chart patterns identified by technical analysts of stock and commodity pricing is the "cup and handle" pattern.

This Gold daily chart offers about as good an example of the "cup and handle" pattern as any you are likely to see.

 

 

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