TradingView
arn003
Mar 11, 2021 1:59 PM

Cup and Handle Patterns Long

Bank of America CorporationNYSE

Description

Buy when the price breaks above the top of the triangle. When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.

While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed
More