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Strategies & Market Trends : The picks

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To: Trader X who wrote (4671)2/11/1997 5:16:00 PM
From: Trader X   of 6124
 
********* Cup and Handle, upside down..........

Just as it sounds, it's the reverse of a Cup and Handle, and has bearish implications.

nasdaq.com

This is the chart for CUBE, which did a reverse cup and handle from Nov 1 to Feb 1. I would also call this a downtrend triangle.

Interestingly, ESST and CUBE are in direct competition with each other, and put in opposite charts during the same timespan.

KH.
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