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Welcome to our new ChartsView Site We are very excited to announce that Chartsview has finally been launched! It has taken a lot of hard of work to get to this stage but we hope you enjoy being part of our great trading community and that it will help you in your trading.  You may be asking what makes Chartsview different from other online trading communities? Well here at Chartsview we have great passion for trading and community. We believe in working together and helping each other to succeed in the financial markets. ChartsView welcomes people from around the world to discuss and provide useful and honest information. Your views and opinions will not be ridiculed here; ChartsView is all about respectable discussion. We have a lot planned for the future so what you see now is not the end game, as we will be adding to the website as we...

This basically is a slow downward move followed by sideways move then upwards. This takes the shape of a cup(without the handle). This pattern can take some time to develop.  Once it's got the shape of a nice cup then draw a line though the peaks of the cup and once the price breaks above the peaks of the cup you will get your buy signal. You can measure the distance of the target, measure from the top of the cup to the bottom then you project that line from the breakout point, you then have your target. Please click on chart below for larger image   ...