NO!
Inverted Cup & Handle.
According to Mr B this is a pretty good pattern, he ranks it as no 1 in a bear market.
Bit of info here:
http://thepatternsite.com/icup.html
His book has a very detailed write up. Anyway, the pattern is quite clear ATM.
Okay, I'll post the chart.
Handle formed and possibly looking to break. This looks like a textbook example so far.
S&D, S&R, Trends, Fork's and Turnarounds, page-193
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Last
1,622.7 |
Change
17.900(1.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 1,604.6 | 1,626.8 | 1,604.6 |
| XLD (ASX) Chart |
