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Don’t Invest Blindly: Use Charts to See the Best Time to Buy and Sell 185

Cup-without-Handle

Ideal Buy Point
(10 cents above peak
on left side of cup)
Buying
Range
(Up to 5% above
ideal buy point)
Prior Uptrend

Depth %

Base Length

The cup-without-handle—also called a cup-shaped base or simply a cup—
is a variation on the cup-with-handle pattern. As the name implies, it’s
essentially the same, except it doesn’t have a handle. All the attributes,
except for the buy point, are identical.
The buy point in a cup-shaped base is calculated by adding 10 cents to the
peak on the left side of the cup—the most recent area of resistance.
Next is an example of how Google formed a cup-shaped base that
launched a 119% gain in less than 10 months.