In this blog we are going to elaborate a chart pattern
frequently observed in market trend analysis. Global Market Astro explains the cup and handle chart pattern in this blog.
CUP AND HANDLE CHART PATTERN
A cup and handle is a chart pattern of bullish continuation
in which the upward trend movement has paused for a while and the upward trend
will continue once the pattern gets confirmed.
In this figure the price patterns forms a cup which is
preceded by an upward trend. A handle follows the cup which is generally a
downtrend or sideway movement in prices. Once the price breaches the resistance
in the handle, the uptrend continues. The patterns are formed in a wide range
of timing, generally over a span of several months to more than a year.
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