Cup & Handle Formation signs:
1. Volume dry-ups near the lows of the price pattern.
2. Big volume spike on reversal of price pattern.
3. Volume dry-up on the price pull-backs.
4. Improving Relative strength.
5. Tight areas in price pattern under accumulation.
6. Trading above 200 MA
How to trade it?
1. Watch out for Volume percent change on pivot breakout.
2. The day's volume should increase at least 40% to 50% above average.
3. Stoploss below the low of the handle.
Entry - Breakout of Pivot
Stoploss - 8760 (Below low of handle)
Target - 11000 (Depth% of cup)
Would like to thank William J O'Neil for explaining this beautiful pattern.
Thank you
Saurabh Yadav
1. Volume dry-ups near the lows of the price pattern.
2. Big volume spike on reversal of price pattern.
3. Volume dry-up on the price pull-backs.
4. Improving Relative strength.
5. Tight areas in price pattern under accumulation.
6. Trading above 200 MA
How to trade it?
1. Watch out for Volume percent change on pivot breakout.
2. The day's volume should increase at least 40% to 50% above average.
3. Stoploss below the low of the handle.
Entry - Breakout of Pivot
Stoploss - 8760 (Below low of handle)
Target - 11000 (Depth% of cup)
Would like to thank William J O'Neil for explaining this beautiful pattern.
Thank you
Saurabh Yadav
Catatan
Has finally given the cup and handle pattern breakoutTrade aktif
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.