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Break Out

  1. 57 Posts.
    Big cup and handle pattern formed on the weekly chart. Also evidence of a break out from a triple top. Cyclical bull run in place from Dec 2010. Tested 85.5 in Jul 2009, Aug 2009, May 2013, Sep 2014 and has just broken through resistance yesterday. Since the break out resistance was encountered however as the day progressed springs are evident on the 10m and 1hr charts. The large bullish bar on the daily chart closed at its high and outside the higher BB. Both volume and momentum on the daily chart suggest that a significant break out will continue. Yeah.

    Happy Friday.
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