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Cup pattern is accumulation type of price pattern
stronger hands plays role in this pattern
it takes long duration and has a gradual movement in prices.
Volume should be low for longer duration and When the cup shape is clearly visible and prices starts rising it clearly determines the bullish trend
Cup Pattern:
It is a Long gradual accumulation of the stocks which has been created by strong buyers and sellers in a steady state.
Rounding Bottom:
Rounding bottom will only be visible with cup shape and low volume.
Condition:
It will be having a low volume with longer duration to determine the Bullish tread.
Cup pattern is Accumulation type of price pattern.
It is generally powerful when it takes long time to construct.
Correlation of market movement should be low.
During the rounding bottom, volume is expected to be low.
Long position can be created when it starts getting filled.
Cup pattern is a accumulation pattern, where the buyers are not aggressive thus the volume is expected to be low . the shares are bought only when it comes to a price they are comfortable with. It takes longer time to form. Long positions can be created by the investors.
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