What is the cup pattern?
Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout.
How to trade ?
The buy point occurs when the stock breaks out or moves upward through the old point of resistance
the volumes are also increasing mean its ready to break the cup
Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout.
How to trade ?
The buy point occurs when the stock breaks out or moves upward through the old point of resistance
the volumes are also increasing mean its ready to break the cup