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Cup with Handle (Continuation)


NEWS CHART ACTION Thursday, December 13, COUNTRYBREAKOUT CHART COVERING SECONDARY RADIO SINCE Garth Brooks And Pearl Records Offer Radio. Get Breakout Stake price, charts, and other cryptocurrency info.

Hey chart thank you for posting this great article. Thanks for all your work and all you do to help the community. CA, I have already learned so much from you and I very much appreciate your blog. Thank you very much. Found your place a couple of months ago.

So sorry I did not find you earlier. Caught lotsa fish in that thing. Not sure chart is looking like a breakaway though. What do you think is the best way to track down these breakout players? Thank you very much for taking the time to post this. Everyone should know about these things. I enjoy learning new things so I subscribe to blogs like yours.

Is it beyond what the charts would say? I just want to say thanks. Now just a post on position sizing and money management. I assume you just put on the whole intended size from the start and let it work its way out? CA, as others, I also want to take the time to thank you very much for your alerts today. I also printed out your post to study. I work full time but at times at work I am able to scan blogs and trade but my time is limited.

I have a wonderful wife and three kids and this extra money really helps with our car payment and future expenses like Christmas or a vacation. Again, you are very kind to take the time to post those alerts. I truly appreciate it. You are a first class act!!! EMKR — I am aware of the loss, unfortunate. These dollar stocks are crazy. One of the biggest characteristics of these dollar stocks is that they are amazingly resilient to overall market conditions.

They move however they wish, regardless of market direction. I would call that a bull trend. Fig just went down and then formed a strong base. A base I expect to be broken or retested at some point, but that is off in the distance. Sometimes, you gotta forget textbook rules and improvise. Technical Analysis Chart Addict. This is a personal web site, reflecting the opinions of its author s. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations.

Under no circumstances does this information represent a recommendation to buy or sell securities. I hope this helps. If you enjoy the content at iBankCoin, please follow us on Twitter. Share Facebook Twitter LinkedIn. Archive of Educational Materials April 20, ABIO March 27, SOMX March 19, The Fly May 11, at 3: RC May 11, at 3: The Chart Addict May 11, at 3: Mushroomz May 11, at 3: DPeezy May 11, at 4: Twoez May 11, at 4: FastEddie May 11, at 4: Juice May 11, at 5: The Chart Addict May 11, at 6: GonzoTrader May 11, at 6: Anon 2 May 11, at 7: El Ditto May 11, at 8: Big Mike May 11, at 8: Pete May 11, at 8: Controller May 11, at 8: Flower May 11, at 9: Mike May 11, at 9: The Chart Addict May 11, at 9: The Chart Addict May 11, at Mike May 11, at Red-N-Green May 11, at Schismatic May 11, at Employee8 May 11, at The Frog May 11, at Driven May 11, at ZMoose12 May 11, at RIng May 11, at Zeratul May 11, at As the cup is completed, a trading range develops on the right-hand side and the handle is formed.

A subsequent breakout from the handle's trading range signals a continuation of the prior advance. As with most chart patterns, it is more important to capture the essence of the pattern than the particulars. The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. In order to use StockCharts. Click here to learn how to enable JavaScript. Log In Sign Up Help. Cup with Handle Continuation. Cup with Handle Continuation The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.

To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.

The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. After the high forms on the right side of the cup, there is a pullback that forms the handle.

Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The smaller the retracement, the more bullish the formation and significant the breakout.

Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. The cup can extend from 1 to 6 months, sometimes longer on weekly charts.

Shorts will cover their positions as they realize that they can no longer profit from the stock. Are you using pattern recognition software to find these setups?

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You want to either get in on the breakout from the pattern or if you are more tolerant to risk, then enter within the pattern and just sit tight.

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