helps improve the odds of the price moving higher after the breakout. If the pattern is bullish, you should wait for bullish confirmation and you should trade the pattern long. Notice that the end of the handle came as a test of the already broken trend line.
Cup and, handle pattern is aptly named because this technical pattern actually resembles a cup with a handle on the chart.
The pattern starts with a price decrease, where the.
Forex pair gradually changes its direction.
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The yellow line on the chart is an upward trend line, which measures the bullish activity of the price action. Today we will talk about a somewhat lesser known pattern but one that is still highly effective. You can even adjust your stop loss order right above the upper level of the zone. The price then broke the upper level of the. This pattern greatly helps while the volume dries up to an extent close to the lows.
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