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How to find Cup and Handle pattern? #shorts
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Simple trading strategy that everyone can use to trade stocks, crypto or forex. For this setup we use trend lines, resistance level, price action, support levels and Cup and Handle pattern.
1. We define an upward trend.
2. Wait price to come down and form U shape cup
3. Cup must be U shape not V shape
4. If price reaches back to previous higher high
5. We wait price to form cup handle
6. Handle must form in upper half of the cup
7. If price moves back up
8. And breaks through cup resistance level
9. Cup and handle formation is finished
10. And we can enter a trade
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DISCLAIMER: This video is not financial advice, it’s for educational and entertainment purposes only. The information provided is simply based on my own personal opinion or knowledge. I’m not a licensed financial advisor so be sure to speak with your own financial advisor, and to do your own research. Trading or investing carries a large amount of risks with the real potential of losses. Past performances do not guarantee future results. Be careful.
1. We define an upward trend.
2. Wait price to come down and form U shape cup
3. Cup must be U shape not V shape
4. If price reaches back to previous higher high
5. We wait price to form cup handle
6. Handle must form in upper half of the cup
7. If price moves back up
8. And breaks through cup resistance level
9. Cup and handle formation is finished
10. And we can enter a trade
------------------------------------------------------------------------------------------------------
DISCLAIMER: This video is not financial advice, it’s for educational and entertainment purposes only. The information provided is simply based on my own personal opinion or knowledge. I’m not a licensed financial advisor so be sure to speak with your own financial advisor, and to do your own research. Trading or investing carries a large amount of risks with the real potential of losses. Past performances do not guarantee future results. Be careful.
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