An illustration of Cup and Handle pattern First look for an initial uptrend of the stock Later a small pull back And later reversal of the pull back .... Breakout of the highest point of the pull back At retest , look for reversal candles like doji.... Look for tight price action Enter the trade just above the high of the candle with stop loss below...
Hey traders, Ever wondered how some of the professional traders can lose tens of thousands of dollars and still not be phased? Well, today I am going to chat about how and why they have the ability to remain consistent and trust the process, and how you can do the same. Enjoy!
One of the most important price patterns is the Cup with Handle pattern, invented by William O’Neill. If you want to read more about it check out my link to substack in Bio when I will post Episode 3 of Chart anatomies on the 9th August.
Hi every one Kindly like the ideas if it is helping you and leave a comment Psychology of Cup and Handle Pattern: The psychology of the cup and handle pattern is as follows: The "U" part of the cup is where prices slowly fall, this wears out speculators. This is usually illustrated be a decrease in volume on the left side of the cup. Once prices reach a level...
Cup and Handle Chart Pattern The cup and handle chart pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. It can help to predict future price movements. A cup and handle chart pattern is comprised of three main components: -A prior trend, as to qualify as a continuation pattern it has to have a prior trend -The...
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.