A long rounded upward move in prices.
Percent of successful formations – 36%
Failure rate – 38%
Average time to throwback completion – few hrs
Subtract the lowest low from the right saucer lip. Add the difference to the value of the right saucer lip to get the target price. This is the minimum price move to expect. The measure rule only works about a third of the time. Many times prices can reach the level of the right saucer lip then dip to form a handle.