CUP AND HANDLE
Pattern on a chart resembling a teacup with a handle. The cup’s shape is similar to a "U" shape while the handle drifts slightly downward. The right-hand side of the pattern has low trading volume, trading between seven weeks and 65 weeks. As the stock tests the old highs, individuals who acquired it at or close to the old high put selling pressure on the stock. The pressure then makes the stock trade sideward heading to a downtrend, normally for four days to four weeks, then it will take off.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
