Cup and Handle
-The cup and handle is a bullish continuation pattern used to find buying opportunities in the market.
-The pattern is composed of two sections; the cup and the handle.
-The cup should be rounded and just under two thirds the height of the initial move.
-Handle should not pull back more than the right side of the cup and traders can enter on a trend line break of the handle.
-Take profit is measured using the base of the cup to the breakout point and extending this measurement above the breakout to the upside.
-The pattern is composed of two sections; the cup and the handle.
-The cup should be rounded and just under two thirds the height of the initial move.
-Handle should not pull back more than the right side of the cup and traders can enter on a trend line break of the handle.
-Take profit is measured using the base of the cup to the breakout point and extending this measurement above the breakout to the upside.
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