Hi, I am not sure why you this this is a cup & handle pattern though I guess it looks like one. Cup & Handle is found after some sustained move and it pauses in Cup & Handle formation with a resolution in the prior direction. So it is a continuation pattern not reversal. My view is that after such a sharp sell off, we are retracing it in classic A,B,C zigzag and that could end soon with price falling back to the 2002 low. That might seem impossible but is on the card for sure. That could in fact line up with major market lining up for a significant fall too.
Well i believe strongly in Yahoo and i don't think it will go back to 2002 levels. This seems to me as a handle and after a handle we normally see the price go up. But obviously, if we see a big general market sell off everything is possible. Thanks for your comment ! Always happy to know what others have to say.