Beautiful Cup & Handle Pattern is formed on chart.
Entry
We can go long when price breakouts with strong bullish candle above the neckline of the pattern.
Stoploss
We can keep stoploss below the neckline.
Target
Target will be same as depth of the cup as marked on chart
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Did the big hand selling the coca-cola stock at this point of time.
Though it's very difficult to identify the next move however this is just a try to find the distribution in price
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Lack of knowledge 📘
Many traders jump into the market without a thorough understanding of how it works and what it takes to be successful. As a result, they make costly mistakes and quickly lose money.
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STM has formed a cup pattern. A decisive breakout with volume above the market level is crucial for any further up move. Added it to the focus list. This chart is for educational purposes only, and it's not a buy or sell recommendation. Please consult your financial advisor before making any decision.
Wonderful double bottom pattern spotted in GILD. It hasn't broken out yet. This chart is for educational purposes only. Please consult your financial advisor before making any buy or sell decision.
