XLD 1.69% 1,618.9 s&p/asx 200 2 x daily leverage index

NO! Inverted Cup & Handle. According to Mr B this is a pretty...

  1. 3,191 Posts.
    lightbulb Created with Sketch. 146
    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.

    Copper 4 hour Inverted 2 Jun 2016.png
 
watchlist Created with Sketch. Add XLD (ASX) to my watchlist
(20min delay)
Last
1,618.9
Change
26.900(1.69%)
Mkt cap ! n/a
Open High Low
1,591.8 1,627.5 1,591.8
XLD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.