Bump-and-Run Reversal Bottoms
Looks like a frying pan with the handle on the left following a trend line down until a large decline ensues. The breakout is upward. It is Short-term bullish reversal or continuation. Cup with Handle; Rounding Bottoms
Facts: Throwbacks hurt performance. Tall and wide patterns perform better than short and narrow ones.
Volume is typically high during the three critical parts of the formation: formation start, bump start, and upward breakout.
Tips for Entry and Exit:
- Do not premeditate the breakout of initial bump level.
- Do not exit without at least 50% of the length of the pond like structure.
- Use it along with moving average for better accuracy