- December 16, 2020
- Posted by: virtualxstore
- Category: trading

A lack of healthy pullbacks cause 2 lines that slope up abd converge at the apex.
Support at handle low and mid cup which is 229.10/Cup low is 210.42..
NV and OBV are high/short interest is low..
Cup and handle pattern targets are calculated using cup depth and fibonacci levels..American entrepreneur William J. O’Neil defined the cup and handle (C&H) pattern in his 1988 classic, “How to Make Money in Stocks.
O’Neil pointed to four stages in a cup and handle breakout:
The security posts a significant high in an uptrend that accelerated between one and three months prior.
The next pullback carves out a rounding bottom no deeper than the 50% retracement of the prior trend. This marks the “cup.”
The next breakout attempt fails at the prior high, yielding a secondary pullback that holds near resistance, grinding out a smaller rounding bottom, which becomes the “handle.”
The security returns to resistance for the second time and breaks out, yielding a measured move target equal to the depth of the cup.
Not a recommendation
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