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Tagged: CUP Pattern
cup pattern is indication of gradual accumulation of stocks with low volume and less price variance for over a long period of time
rounding bottom with sluggish trade volume and sudden break out volume and price is seen at the end , bullish trend is determined by the closing of the cup pattern
cup pattern should be seen with min 6 months of duration. price should not go up or down even if market goes up or down. create long position when the cup is getting filled
Cup pattern- accumulation pattern.
Strong hands are buying stocks over a long period up to 6 months.
Volume is low through out the accumulation.
A breakout occurs at the end of the accumulation. Volume is high during breakout.
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Cup pattern should take min 6 months to form. Price should not go up or down ,even if market goes up or down. Create long position when the cup is getting filled.</span>
Cup pattern is good for the investment The volume should be low as possible during the occurrence of pattern
Occurrence of such pattern takes long time even years.It indicate the bullish trend since it has low correlation between market and stock
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