Dear traders:
It is the result of my efforts to offer a simple presentation.
Cup And Handle Pattern:
1- William J. O'Neil defined the cup and handle pattern in 1988 (American entrepreneur).
2- The Cup and Handle is a bullish reversal chart pattern.
3- Safe Entry: Price over 200-day moving average.
4- Most (cup) are two to six months long.
5- Cup and handle patterns can happen on both daily and weekly charts.
6- Take-Profit: When the price reaches an increase equal to the height of the cup
Reference:
1-newtraderu.com
2-tradingwithrayner.com
3-stockmarket-coach.com
It is the result of my efforts to offer a simple presentation.
Cup And Handle Pattern:
1- William J. O'Neil defined the cup and handle pattern in 1988 (American entrepreneur).
2- The Cup and Handle is a bullish reversal chart pattern.
3- Safe Entry: Price over 200-day moving average.
4- Most (cup) are two to six months long.
5- Cup and handle patterns can happen on both daily and weekly charts.
6- Take-Profit: When the price reaches an increase equal to the height of the cup
Reference:
1-newtraderu.com
2-tradingwithrayner.com
3-stockmarket-coach.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.