Apple Inc (AAPL) has seen increased upside pressure, as it broke through Cup and Handle resistance at $146.50.

If AAPL holds above 146.50, AAPL could see increased upside pressure, possibly pushing it up over $25 in its upmove. How do we determine such a large move in AAPL?

The move is based on "the measured move" The measured move is equal to the largest part of the consolidation pattern, which is over $25. A Cup and Handle formation trades almost exactly the same as an Ascending Triangle.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.