I've been noticing this fan pattern lately, first observation was in $LNKD. Its kind of a hope / optimism / despair oscillator that keeps the mid-market fully invested but lets out the dark pools and institutions.
CCXI is days away from confirming a stellar cup and handle.
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.