What is a Cup and Handle Price Pattern?
The cup and handle is an accumulation buying pattern, which is found during long periods of consolidation, and can lead to powerful explosive moves once the pattern is fully completed.
What is a Symmetrical triangle pattern?
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
We can see both Cup and Handle and Symmetrical triangle pattern seen in Bank nifty again and ready for breakout/down. Or Market can make a Head and shoulder pattern (another shoulder is in formation) ... lets see
Please see earlier idea published on Aug 26 for similar patterns.
The cup and handle is an accumulation buying pattern, which is found during long periods of consolidation, and can lead to powerful explosive moves once the pattern is fully completed.
What is a Symmetrical triangle pattern?
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
We can see both Cup and Handle and Symmetrical triangle pattern seen in Bank nifty again and ready for breakout/down. Or Market can make a Head and shoulder pattern (another shoulder is in formation) ... lets see
Please see earlier idea published on Aug 26 for similar patterns.
Note
15 mins time frame chartNote
5 mins time frame chartTrade closed: target reached
41626 .. target achieved today and idea is closedNote
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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.
Related publications
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.