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gumbtg
Jul 18, 2017 8:49 PM

Cup and Handle - Chart for a friend 

Autodesk, Inc.NASDAQ

Description

No advice on direction is implied here.
Comments
TrilogyAnalysis
TrilogyAnalysis
@TrilogyAnalysis, Please excuse the minor trend I see it is going back in time on a few of the rallies.
TrilogyAnalysis
That is one clean cup+handle, I find it interesting that you traced the handle along the Moving Average. Nice breakout.
gumbtg
@TrilogyAnalysis, thank you for the feedback. I actually very very rarely draw cup and handles. Do you draw them often?
TrilogyAnalysis
@gumbtg, It depends on which part of the trend I am setting my trade up for, the Minor, Secondary, or Primary. A Cup+Handle is a Secondary Trend Chart Pattern.
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