NVIDIAEducation
Classic Cup and Handle Formation (Bullish Reversal).
Greetings. Here's a concise tutorial on the classic cup and handle pattern.
Key Takeaways:
1. Cup and Handle (C&H) formation is a bullish reversal signal.
2. Investors take long positions, when price breaks above the trend-line of the handle.
2. Investors can use a 1:1 minimum price objective for targets.
Sources:
1. Lim, M. A. (2015). A Handbook of Technical Analysis: The Practitioner’s Comprehensive Guide to. John Wiley & Sons. pp.537
2. investopedia.com/terms/c/cupandhandle.asp
3. school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
Happy Trading!
Key Takeaways:
1. Cup and Handle (C&H) formation is a bullish reversal signal.
2. Investors take long positions, when price breaks above the trend-line of the handle.
2. Investors can use a 1:1 minimum price objective for targets.
Sources:
1. Lim, M. A. (2015). A Handbook of Technical Analysis: The Practitioner’s Comprehensive Guide to. John Wiley & Sons. pp.537
2. investopedia.com/terms/c/cupandhandle.asp
3. school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
Happy Trading!
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