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Normally these patterns should only retrace up to the upper half of the total range, but if it falls below half of the range traders view it as a sign that the bullish move will be much stronger then usual.
Normally the profit targets for these patterns are twice the range of the cup, but if we see a retracement below 50% this profit objective will be extended up to minimum 261.8% of the total range, but can be extended much further. I am already long and ready to take losses if we go below this level, but I will be looking for a re-entry in the direction of the present 3 month uptrend.