$USDパートナーズ(USDP.US)$This is textbook Cup-N-Handle chart pattern. So for any newbies traders here's a little education for ya. This is a bullish pattern USUALLY signifying a continuation/reversal to the upside. RULES THAT MUST BE MET FOR TRUE CUP N HANDLE PATTERN: 1. Cup was formed just after an uptrend/downtrend (marked as #1 in pic) 2. Depth of cup should ideally retrace to about 1/3 to 1/2 of the previous advance. (marked as #2) 3. On right side of cup (marked #3 in pic) where the white line is - just under that line u will see a downward trend forming the handle. Again, ideally you would want to see 1/3 or less retracement ( you want a sell off from top right side of cup of about 1/3 or less - less means more...
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1. Cup was formed just after an uptrend/downtrend (marked as #1 in pic)
2. Depth of cup should ideally retrace to about 1/3 to 1/2 of the previous advance. (marked as #2)
3. On right side of cup (marked #3 in pic) where the white line is - just under that line u will see a downward trend forming the handle. Again, ideally you would want to see 1/3 or less retracement ( you want a sell off from top right side of cup of about 1/3 or less - less means more...
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