An illustration of Cup and Handle pattern First look for an initial uptrend of the stock Later a small pull back And later reversal of the pull back .... Breakout of the highest point of the pull back At retest , look for reversal candles like doji.... Look for tight price action Enter the trade just above the high of the candle with stop loss below...
Hi every one Kindly like the ideas if it is helping you and leave a comment Psychology of Cup and Handle Pattern: The psychology of the cup and handle pattern is as follows: The "U" part of the cup is where prices slowly fall, this wears out speculators. This is usually illustrated be a decrease in volume on the left side of the cup. Once prices reach a level...
Cup and Handle Chart Pattern The cup and handle chart pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. It can help to predict future price movements. A cup and handle chart pattern is comprised of three main components: -A prior trend, as to qualify as a continuation pattern it has to have a prior trend -The...