This chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern.
Shape:
A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal.
Duration of formation:
The cup can take anywhere from 1 to 6...
1) Double Top, a Bearish reversal chart pattern
It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point).
Then again it moves in direction of original trend and...
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A chart can be analyzed in different ways by different traders. A trader...
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Today we are going to share an informative write-up about the “Cup and Handle” pattern along with a few exhibits that may help you solidify your understanding of this chart pattern.
Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
A Cup and Handle pattern is a bullish continuation pattern that resembles a teacup on a candle chart followed by a breakout. The cup part of the pattern is where the price gradually changes its direction from bearish to bullish. The handle part is when the price pullback slightly before roars higher and continues the previous trend. Cup and handle is used to...
What is Cup & Handle Pattern ?
1.A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
2.A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
3.Technical traders using this indicator should place...
What is a Cup and Handle pattern?
• The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
• This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs.
• It is a bullish continuation...
1. Cup and handle pattern was defined by William J. O'Neil in 1988
2. It is considered as a bullish pattern continuation pattern
3. In cup and handle pattern, volume of the security should decrease as price declines and remain lower than the average at the base of the cup
4. The volume should pick up when the price of the security moves higher
5. Target is...
SPICE JET made a cup and handle pattern and expected upward breakout in coming days and will be touch his resistance. so buy spice jet@51 tgt@61,68,73 SL@47
If NSE:GRANULES can break through the over head supply zone of 180 to 189 levels.
This potential cup and handle pattern indicates, for a potential all time high levels.
How to trade Cup and Handle pattern?
The Cup and the handle pattern is basically the retracement from the prior top to about 1/3rd of the vertical height of the cup.
Cup and Handle pattern can be seen both as a bullish continuation or reversal pattern.
Cup
The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs...
TECHM IS FORMING C&H PATTERN ON WEEKLY CHARTS ,TODAYS (16/08/2018) MARKET FALL (DUE TO GLOBAL SITUATION )IS BEST OPPORTUNITY TO ACCUMULATE THIS SHARE IN 610-640 RANGE AND HAVE SL FOR LONG TERM 550 ON WEEKLY CLOSE TARGET NEARLY AROUND 1050 WHEN IT BREAKS 720 NECKLINE TILL THAN IT MAY CONSOLIDATE BETWEEN 600-720 SHORT RANGE
HAVE A HAPPY TRADING
