The major cup with handle pattern we pointed out back on August 4 has been triggered for a rally towards the Cup with handle target near 83.34. We are sure that the major players will do everything in their power to cut away the smaller fish, but now is the time to hold on for the rally coming as the major cup with handle pattern plays out.
Support is currently seen at 47.44 which ideally will protect the downside for the next push higher towards the 83.34 target