Questions
Gold: Weekly Cup and Handle Pattern?
Gold: Weekly Cup and Handle Pattern?
The attached Weekly chart shows a possible Weekly Cup and Handle pattern at the top of a proposed 29 year Cup and Handle pattern [refer link].
BestOnlineTrades / Gold Futures create worlds largest cup and handle chart
It also shows:
Two Down Trend Channel Break Outs?
A Bull Flag with Channel Support?
Top of Cup projection: $1331.21
[Theory: Depth of Cup is projected from the top of the Handle]
[Jim Sinclair is adamant that Gold will reach $1200 and beyond. Till date, all his targets have been met.]
["The Cup and Handle is the corrective action after a powerful stock advance ........It is one of the best and most reliable patterns to look for." - Dan Zanger]
Cheers, Uturn
"The market is always turning.
Let it turn, let it turn, let it turn."
Image Attachment:
Tags: forex-currency
