Fri 8/23/2019 11:56 ET
DJIA25879.24367.491.42%TELCO176.911.771.00%GOLD1536.9528.431.85%Shanghai2897.1413.910.48%
S&P 5002872.2049.981.74%BANKS416.166.831.64%OIL53.561.793.34%BITCOIN10399.76303.672.92%
NASDAQ7824.93162.762.08%PHARM545.847.861.44%US/EU1.110.000.01%Futures2872.3849.981.74%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - TheLion.com Central    Discuss everything about TheLion.com

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: freeforex (Rep: 0)Date: 01/02/2019 07:18
Forum: TheLion.com Central - Msg #663Thread #674054909 (Rec: 0)
Cup with Handle Inverted and sell trade signal

Appearance Price follows the shape of an inverted cup followed by a handle. Price breaks out downward.
Upward price trend Just over half the time, the pattern forms as a price top, meaning that prices enter and exit the pattern from the bottom.
Rounded cup Look for a smooth, rounded cup, but accept deviations.
Cup rims The starting and ending points of the cup should stop near the same
price, usually less than 6% difference.
Cup handle Between the right cup rim and the breakout is the handle. It can be
any length. The median is 40 days long.
Cup retrace Price in the handle must not climb above the top of the pattern but
should bounce upward. The three most frequent retrace amounts
are, in order, 42%, 35%, and 60%.
Breakout Price must close below the right cup rim before the pattern is valid.
Cup with Handle Inverted and free forex trading signals
Measure rule Compute the handle height then subtract it from the price of the
right rim low. Warning: This only works about half the time
Head-and- shoulders Look to the left of the cup to see if another handle appears. If so, this might be a head-and-shoulders top with a fat head and two
handles as shoulders.
Open short When price closes below the right rim low, short fx signals .
Close short If prices decline quickly, several points in a few days (almost
vertical), consider closing the short position. Prices usually rebound after such quick declines.
Trend line
Draw a trend line down from the handle. When price closes above the trend line, cover your short.
Measured move down
The handle may be the corrective phase of a measured move down (MMD). Sell when prices near the amount of the first leg decline.

free forex signals presents daily free forex trading signals live via SMS , email and on www.freeforex-signals.com

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser freeforex: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.