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Averoy_Apoorv_Analysis
Jul 23, 2021 3:52 AM

Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LT Long

LARSEN & TOUBRONSE

Description

Some Knowledge about MY patterns here :

1) Cup and Handle :

Appearance: Looks like a cup profile with the handle on the die right

Reversal or consolidation: Short-term (up to 3 months) bullish consolidation

Failure rate: 26%

Failure rate if
waited for a breakout: 10%

Average rise 38%, with most likely rise between 10% and 20%

Throwbacks 74%

Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40%
versus 35 % average gain.

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