HUB POWER CO LTDLong
HUBC
The Cup and Handle is a bullish continuation pattern in technical analysis. It consists of:
1. Cup:A rounded bottom forming after a price decline, signaling accumulation.
2. Handle:A small consolidation or pullback following the cup’s peak.
3. Breakout: Price breaks above the handle’s resistance, often with high volume.
Target Price:
The expected move equals the depth of the cup added to the breakout point.
It’s a strong signal in up trending markets, especially on longer time frames. 🚀
1. Cup:A rounded bottom forming after a price decline, signaling accumulation.
2. Handle:A small consolidation or pullback following the cup’s peak.
3. Breakout: Price breaks above the handle’s resistance, often with high volume.
Target Price:
The expected move equals the depth of the cup added to the breakout point.
It’s a strong signal in up trending markets, especially on longer time frames. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.