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Cup And Handle

Psychology and description of Cup and Handle PatternHi every one Kindly like the ideas if it is helping you and leave a comment Psychology of Cup and Handle Pattern: The psychology of the cup and handle pattern is as follows: The "U" part of the cup is where prices slowly fall, this wears out speculators. This is usually illustrated be a decrease in volume on the left side of the cup. Once prices reach a level where institution and strong hands find value, they will begin to accumulate the stock, shown by an increase in volume . However, once prices reach the levels of the left side of the lip of the cup that acts as an area of resistance, traders begin to sell. This selling creates the handle portion of the pattern. Traders attempt yet again to reach the resistance area that is the price level of the lip of the cup. If prices surpass this resistance area , then a multi-month long consolidation is over and prices are free to continue their rise. This breakout also gathers the attention of momentum traders who bring in even more volume to add strength to the breakout. However, if prices failed to breakout, then a solid area of resistance that has been tested three times now and has held has been established which is very bearish for the chart. Inverse Cup and Handle: The other variant of the cup and handle is the inverse cup and handle . The trend direction prior to the pattern can either be upward or downward , There after prices rise gently and slowly create a curved top and then gently move back down creating a long term dome "n". The handle portion is a retracement upward from the right side of the cup (called the lip) and then a reversal downward toward the price level bottom of the left side of the cup's lip; it is usually a sharper peak like the caret symbol "^" and does not rise in distance as far as the cup portion's highest high. A sell signal is triggered when prices surpass the low of the bottom of the right side of the cup. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad Thank you for seeing idea . please support us Good luck.
Education
by CobraVanguard
17
Add Text to Any Trendline or Vertical Line and Manage Its DesignYou can add text to any line you draw on your chart and manage its color, orientation, and font size from one tab. This applies to all lines including horizontal lines, trend lines, arrows, and vertical lines. This new tab will make it easy to place text in the perfect position on your chart. It will also help adjust the color and size of text to fit your needs. The first step to getting started is to open the Settings for a line on your chart. Double click or right click on a line and then head to Settings. When you've opened Settings, you will see a new tab called Text. In this tab, you can manage every detail about the text on your chart and how it's presented on the lines you've drawn. Change the text color, size, orientation, and make it bold or italic. You can make the text be centered on the line and below or above the line. We hope you enjoy this new update. You can read more about it on our blog: www.tradingview.com If you have any questions or feedback, please leave them in the comments below.
BITSTAMP:BTCUSDEducation
by TradingView
15
How to trade Cup & Handle Pattern | C&H Tuturial with ExampleCup and Handle Chart Pattern Tutorial with Example below ! Stay Tuned ! In the next educational post i will write about psychology of trading Chart Patterns and strategy of How to successfully trade few chart patterns in detail. Cup & Handle : Cup & Handle Pattern can be seen both as a bullish continuation or bullish reversal pattern. A bullish continuation C&H pattern forms when there is a preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout. Inverted Cup & Handle Pattern : Inverted Cup & Handle Pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern. A bearish continuation C&H pattern forms when there is already a preceding downtrend and after a Inverted Cup & Handle pattern is formed followed by a breakout the bear trend continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish trend from a bullish trend after a successful breakout of the pattern. (In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns) The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the verticeal distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern. Stay Tuned; 👍 Like this tutorial & share your comment below and also check other tutorials with example linked below; Thank You-
Education
by tapasdhanadana
11
Faaalling Bitcoin? Cup and Handle + Volume AnalysisThis is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining. Who will take over? It seems like the technical bearish pattern Cup and Handle has surfaced. The Cup and Handle target is projected downward, equal to the distance between the neckline and the highest point of the Cup and Handle. This projection takes us right around the 0.618 and 0.786 levels. These levels are very common to show reversals . And around this level, the price is around $6K. Funny, this is around double the last bottom ($3.1K). Why am I bringing this up? Remember, if you consider Bitcoin as a commodity, then you must remember that a commodity's price will gravitate to its cost of production over time . With difficulty increasing, we know that CoP will increase over time, and that BTC will have higher bottoms , at least for the short to medium term. So, it makes sense for BTC to follow this Cup and Handle projection. But remember, the market can do any damn thing it wants; we'll just have to wait and see ;)
BITSTAMP:BTCUSDEducation
by realcapmillen