CUP AND HANDLE PATTERN (bullish)
(CLICK ON ABOVE IMAGE FOR CANDL STICK CHART VIEW)
A CUP & HANDLE is a technical indicator where the price moment of a chart resembles a "tea cup" followed by a downward trending price pattern. this "handle" is meant to signal a buying opportunity to buy a stock, breakout confirmed once it break neckline/resistance & goes upward.
cup and handle pattern with candle stick chart view 👇👇
Note : It's important to note that the CUP AND HANDLE pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
INVERTED CUP AND HANDLE PATTERN (BEARISH)
(CLICK ON IMAGE FOR CANDLE STICK CHART VIEW)
The INVERTED CUP AND HANDLE pattern forms an upside - down cup and handle. The Pattern is formed after a pullback from a swing low before a sell - off to the prior swing low and stalls due to underlying support. the stock then stalls much like a bear flag with slight upward pressure before breaking down below support.
Note : It's important to note that the INVERTED CUP AND HANDLE pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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