Cup and Handle pattern in VOLTAS
업데이트됨
Go long above the resistance line based on confirmation candle in lower time frame
The Cup and Handle :
It creates a U-shape, or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle.
Entering a Cup and Handle Trade :
When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed.
Setting a Stop-Loss
Place a stop-loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop-loss might also be placed below the most recent swing low.
Since the handle must occur within the upper half of the cup, a properly placed stop-loss should not end up in the lower half of the cup formation.
Picking a Target or Profitable Exit
Whatever the height of the cup is, add that height to the breakout point of the handle. That figure is the target.
The Cup and Handle :
It creates a U-shape, or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle.
Entering a Cup and Handle Trade :
When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed.
Setting a Stop-Loss
Place a stop-loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop-loss might also be placed below the most recent swing low.
Since the handle must occur within the upper half of the cup, a properly placed stop-loss should not end up in the lower half of the cup formation.
Picking a Target or Profitable Exit
Whatever the height of the cup is, add that height to the breakout point of the handle. That figure is the target.
액티브 트레이드
Gave good breakout .거래청산: 타겟 닿음
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.