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Weekly Charts + The Reverse Cup & Handle Chart Pattern

Courtesy of Market Tamer

Weekly Charts

Dow Jones


S&P 500


NASDAQ


 

The Reverse Cup & Handle Chart Pattern

- The inverse of a Cup & Handle Chart Pattern.

 

-The stock bounces off of a support level and moves higher on unremarkable volume.

 

- A “Rounded Top” forms and then subsequently moves lower on increasing volume producing “The Cup”.

 

- The pattern is completed when a Bear Flag forms producing the handle.

 

- The breakdown occurs when the stock breaks the low of the handle on increasing volume.

 

More on this topic (What's this?)
BEWARE THE DOUBLE TOP
Market In Denial Phase Of Sentiment Cycle
Read more on Dow Jones Industrial Average (DJI), S&P 500 (SPX) at Wikinvest

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