A cup and handle is a technical analysis pattern that appears on a chart as a U-shaped pattern, followed by a small downward drift, resembling a handle.
It is important to note that like all technical analysis patterns, the cup and handle pattern is not a guarantee of future price movements and should be used in conjunction with other analysis techniques.
📈Cup and Handle
It is considered a bullish pattern and is often used by traders to indicate the potential for an upcoming price increase.
The pattern is formed when the price of a security falls, reaches a bottom, and then rises back up to near its previous high before falling again. The downward drift that follows is the handle.
- The pattern is considered complete when the price breaks through the resistance level (the top of the cup) and continues to rise. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
Anyways, many traders are recently facing a lot of complications while finding an IDEAL trading brokerage company that is secure and offers the best trading conditions available right now. And... when it comes to that, AssetsFX-org is continuously making a name for itself by providing new opportunities to retail market traders.
📉Inverted Cup and Handle
After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely.
One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend.
Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea.
Please visit our sponsors
Results 1 to 1 of 1
-
08-01-2023, 01:16 PM #1
- Join Date
- Feb 2020
- Location
- Khulna,Bangladesh
- Posts
- 360
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
📊 Understanding the Cup and Handle Patter
Trade With A Lightning Fast Platform - AssetsFX
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.