L_TFH - Breakout of base with volume - Cup & Handle
The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
But these patterns also forms continuation pattern like in this chart
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
But these patterns also forms continuation pattern like in this chart
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
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