Cup And Handle Chart
Cup And Handle Chart. It´s one of the easiest patterns to identify. Cup And Handle A Cup and Handle can be used as an entry pattern for the continuation of an established bullish trend.
A subsequent breakout from the handle's trading range signals a continuation of the prior advance. A cup and handle chart may signal either a reversal or continuation pattern. In fact, in most cases, the Handle would not exceed beyond one-third of the distance between these two points.
Among the more obscure chart formations used in technical analysis, the cup and handle pattern occurs when a shorter consolidation or shallow correction period appears after a rounded bottom or top pattern appears.
It is considered one of the key signs of bullish continuation, often used to identify buying opportunities.
The cup and handle are the chart patterns that occur on the graphs or charts to indicate the market situation. A 'cup and handle' is a chart pattern that can help you predict future price movements. PEOPLE WHO READ THIS ALSO VIEWED: XTB review Diamond trading pattern Axiory reviews Richard Krugel traders The Cup & Handle can be either a reversal or a continuation pattern, either bullish or inverted to form a bearish trend.
Rating: 100% based on 788 ratings. 5 user reviews.
Janice Pierce
Thank you for reading this blog. If you have any query or suggestion please free leave a comment below.
0 Response to "Cup And Handle Chart"
Post a Comment