AUROPHARMA – Cup Pattern
Duration to form the cup pattern takes around 7 months and found a low volume during this period.
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AUROPHARMA – Cup Pattern
Duration to form the cup pattern takes around 7 months and found a low volume during this period.
M | T | W | T | F | S | S |
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1 | 2 | 3 | 4 | 5 | 6 | 7 |
8 | 9 | 10 | 11 | 12 | 13 | 14 |
15 | 16 | 17 | 18 | 19 | 20 | 21 |
22 | 23 | 24 | 25 | 26 | 27 | 28 |
29 | 30 |
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Hi,
The cup pattern forms as a result of the buying power drying out. It doesn’t necessarily mean that sellers are stepping in either, or even if they do they lack the power to change the trend. The rounded bottom really shows the buyers are in control and thus new highs should be expected. The duration for CUP Pattern is 1 – 1.5 years as possible while during the rounding bottom, the volume is expected to be low as possible.