Cup and Handle Pattern
π A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.
π Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.
π The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.
π As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.
π A breakout from the handleβs trading range signals a continuation of the previous uptrend.
π In the case of a Cup and Handle chart pattern, the stop loss should be placed at the previous low of the pattern.
π The limitation for the target will be the previous resistance level which was formed before by the price action.
π A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.
π Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.
π The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.
π As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.
π A breakout from the handleβs trading range signals a continuation of the previous uptrend.
π In the case of a Cup and Handle chart pattern, the stop loss should be placed at the previous low of the pattern.
π The limitation for the target will be the previous resistance level which was formed before by the price action.
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My Dear Top Traders & Future Millionear
We Are Comming In Profit ! So far
Last 3 Trade Scalps Went Quite Sucessful !
We all are learning well & Earning also !
My Main Focus On ProViding Value
Many Are In Just Loss In This Market
No worry dears I am with you & I Promise We will Make Money Togther Not Less But More Than Your Thinking !
Think Also About Your Body & Shape!
I dont think you want to looklike fatty Ass or muffin !
We All Gonna be Future Millionear !
We Should Look Great
Should I Start A channel For Come In Good Shape Where We All Will Share Our Progress Or i include here ??
COMMENT BELOW
My Dear Top Traders & Future Millionear
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