Cup with Handle Pattern

Looks like a cup profile with the handle on the right. The breakout is upward. It is Short-term bullish continuation.

Facts: Patterns that are tall, have short handles, and a higher left cup lip perform better.

Volume is typically high during the three critical parts of the formation: formation start, Wedge and upward breakout.

Tips for Entry and Exit:

  • Do not premeditate before confirmation of handle part.
  • Do not exit the position with less than 10% profit.
  • Use it along with moving average and RSI for better accuracy

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