NVIDIAEducation
Classic Cup and Handle Formation (Bullish Reversal).
Greetings. Here's a concise tutorial on the classic cup and handle pattern.
Key Takeaways:
1. Cup and Handle (C&H) formation is a bullish reversal signal.
2. Investors take long positions, when price breaks above the trend-line of the handle.
2. Investors can use a 1:1 minimum price objective for targets.
Sources:
1. Lim, M. A. (2015). A Handbook of Technical Analysis: The Practitioner’s Comprehensive Guide to. John Wiley & Sons. pp.537
2. investopedia.com/terms/c/cupandhandle.asp
3. school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
Happy Trading!
Key Takeaways:
1. Cup and Handle (C&H) formation is a bullish reversal signal.
2. Investors take long positions, when price breaks above the trend-line of the handle.
2. Investors can use a 1:1 minimum price objective for targets.
Sources:
1. Lim, M. A. (2015). A Handbook of Technical Analysis: The Practitioner’s Comprehensive Guide to. John Wiley & Sons. pp.537
2. investopedia.com/terms/c/cupandhandle.asp
3. school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
Happy Trading!
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.
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.