Bullish: Cup & Handle Pattern On Charts !
Güncellendi
Cup & Handle Pattern Confirmation:
1) Forming cup with 'U' shape
2) The handle is getting formed in the upper half of the cup
3) The volume has decreased while forming the handle
Interpretation:
- The stock was in an uptrend until it hit the major resistance(near to all-time high)
- Selling pressure incurred due to people who were stuck at high prices
- Not many are selling (as volume has decreased), weak hands got removed
- Can consolidate for some time
- whenever volume starts increasing, it can test previous all-time high
Waiting for volume to increase for a fresh breakout.
1) Forming cup with 'U' shape
2) The handle is getting formed in the upper half of the cup
3) The volume has decreased while forming the handle
Interpretation:
- The stock was in an uptrend until it hit the major resistance(near to all-time high)
- Selling pressure incurred due to people who were stuck at high prices
- Not many are selling (as volume has decreased), weak hands got removed
- Can consolidate for some time
- whenever volume starts increasing, it can test previous all-time high
Waiting for volume to increase for a fresh breakout.
İşlem kapandı: hedefe ulaştı
Touched new all time high. 196.50. Cheers. :)Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.