So we see the HS on the 15M, it's resolution down, and bouncing into a nearly perfect Day Cup with retracing handle. With technicals still bearish
, this cup on a Friday, with FUD abounding from China, has little chance for buyers to grab the handle and rally. All the same, it shows continued efforts from the bulls and the day traders seeking that extra bit of profit on the bounce. Notice the cup draws its rims nearly perfectly at the smaller HS neckline, zoom out to see that. Bulls grab the handle anyway and try to rally upward.