CUP AND HANDLE FORMATION

We had a nice break of the bull flag I mentioned previously (see last post). Now a nice looking cup and handle formation is forming. I have outlined the cup and the handle is half way through forming. An eventual break of the red horizontal line drawn should lead to an aggressive move up. You could either buy the bottom of the handle which may map out a bull flag on the small timeframe or you could wait for the break of the horizontal line and buy the re-test.