RNiedson

Inverted cup with handle: identification guidelines

Education
BINANCE:BTCUSDT   Bitcoin / TetherUS
Feature Discussion
  • Rounded turn Look for a smooth, rounded curve (an inverted cup), but allow exceptions.
  • Cup rims The two cup rims should reach the bottom at close to the same price.
  • Cup handle To the right of the cup there should be a handle. The cup's recoil handle should not rise above the top of the cup, but often tracks 30% to 60% above the height of the cup.
  • Confirmation The pattern is confirmed as valid when the price closes below the right edge of the glass.


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