Cup and Handle Pattern (in simplest form)

Dear traders:

It is the result of my efforts to offer a simple presentation.


Cup And Handle Pattern:

1- William J. O'Neil defined the cup and handle pattern in 1988 (American entrepreneur).

2- The Cup and Handle is a bullish reversal chart pattern.

3- Safe Entry: Price over 200-day moving average.

4- Most (cup) are two to six months long.

5- Cup and handle patterns can happen on both daily and weekly charts.

6- Take-Profit: When the price reaches an increase equal to the height of the cup


Reference:

1-newtraderu.com
2-tradingwithrayner.com
3-stockmarket-coach.com