Ready to Fly??? #Superchartz
Key levels:
Support: 3100
Resistance: 3290
1. **Bullish Continuation:** Signals a likely continuation of an uptrend after a brief consolidation phase.
2. **Positive Sentiment:** Reflects a shift from bearish to bullish sentiment in the market.
3. **Price Consolidation:** Shows a period of price stabilization and reduced selling pressure.
4. **Volume Confirmation:** Increasing volume during the breakout validates the pattern's reliability.
5. **Entry and Exit Points:** Helps traders identify optimal entry and target levels.
6. **Combine with Indicators:** Enhanced reliability when used in conjunction with other technical indicators.
Remember, while the cup and handle pattern can be a useful tool, always practice proper risk management and consider other factors before making trading decisions.
Support: 3100
Resistance: 3290
1. **Bullish Continuation:** Signals a likely continuation of an uptrend after a brief consolidation phase.
2. **Positive Sentiment:** Reflects a shift from bearish to bullish sentiment in the market.
3. **Price Consolidation:** Shows a period of price stabilization and reduced selling pressure.
4. **Volume Confirmation:** Increasing volume during the breakout validates the pattern's reliability.
5. **Entry and Exit Points:** Helps traders identify optimal entry and target levels.
6. **Combine with Indicators:** Enhanced reliability when used in conjunction with other technical indicators.
Remember, while the cup and handle pattern can be a useful tool, always practice proper risk management and consider other factors before making trading decisions.
Regards
SuperChartz
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SuperChartz
telegram.me/SuperChartz
Instagram.com/SuperChartz
facebook.com/SuperChartz
twitter.com/SuperChartz
youtube.com/@SuperChart
Get TradingView Premium 👇
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