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Tagged: CUP Pattern
Round bottom is the other name of cup pattern because of its shape, it’s very rarely formed and takes 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
it is a powerful trend and looks like a cup.
it takes long time to construct ranging from 1year to 2 year.
correlation of stock behaves differently than the market
gradual accumulation will happen
rounding bottom is not Ā a good trend since the large share holder want to sell ASAP and that will be head and shoulder pattern
it is a gradual accumulation pattern and looks like a cup
a) longer duration usually for investors
b) cup or rounding shape
c) correlation is low
d) lackluster volume
e)when the cup is filling create a long position.
The cup pattern is long termĀ tradingĀ orĀ longĀ position.
Cup pattern is accumulation pattern.
The cup shaped pattern should be visible.
TheĀ correlationĀ ofĀ marketĀ movementĀ isĀ low.
Lackluster volume
Rounding bottom/Cup pattern which is formed rarely only by the stronger hands of the company..
conditions :
Volume should be low
duration must be long term
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