Forwarded from Power Tuto Novices (AlanBKK)
⚡️Trend Reversal Cup & Handle and Inverted Cup & Handle Patterns (3/4)
▫️Note: The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the vertical distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern.
🌐 Source: #haque_stockszone from Tradingview.
▫️Note: The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the vertical distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern.
🌐 Source: #haque_stockszone from Tradingview.
Forwarded from Power Tuto Novices (AlanBKK)
⚡️Cup & Handle Pattern Examples (4/4)
1️⃣ Inverted Cup & Handle in Uptrend (Bearish Reversal)
2️⃣ Cup & Handle in Uptrend (Trend Continuation)
3️⃣ Cup & Handle in Downtrend (So, Trend Reversal Pattern)
4️⃣ Rounded Bottom Pattern (sometimes the handle shape doesn't form, this is an example of that!)
🌐 Source: #haque_stockszone from Tradingview.
1️⃣ Inverted Cup & Handle in Uptrend (Bearish Reversal)
2️⃣ Cup & Handle in Uptrend (Trend Continuation)
3️⃣ Cup & Handle in Downtrend (So, Trend Reversal Pattern)
4️⃣ Rounded Bottom Pattern (sometimes the handle shape doesn't form, this is an example of that!)
🌐 Source: #haque_stockszone from Tradingview.