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Tagged: CUP Pattern
cup pattern is rarely form..it take long time to occur..it is due to accumulation of stock by stronger hands..
It takes long duration to form, Rounding bottom because of lower volume at the stage and intervention of stronger hand.
This is a powerful patter and Reverse pattern is not encouraged.
Cup shape Pattern. Bearish trend is when Inverted Cup is formed which is Rare . During Rounding Top Volume should be low. Duration- Short span of time.
Round bottom is the other name of cup pattern because of its shape
It is very rare to form because it take long time to form
And the volume of the cup pattern is low as possible
Conditions:
Volume should be low
duration must be long term
cup pattern take long time to form
volume is very low in nature
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