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Thread 🧵explaining #CupHandle Pattern used in #TechnicalAnalysis
(Must read for #TA learners)

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@rohanshah619 @Mitesh_Engr
@PAlearner @Puretechnicals9

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#TechnicalAnalysis #StockMarket
1⃣

Cup and Handle is a #bullish continuation chart pattern. It is formed by two rounded troughs, the first being deeper and wider than the second.

The first trough is known as #cup while second trough is known as #handle.

#TechnicalAnalysis #ChartPatterns #Charts #StockMarket
2⃣

The high points of the cup and the handle are aligned on the same horizontal #resistance line known as the #neckline of the cup with handle pattern.

#TechnicalAnalysis #ChartPatterns #Charts #StockMarket
Read 7 tweets
Important chart pattern in technical analysis . If we go towards lower TF to higher TF the success rate of that patterns increases
#techicalanalysis (weekend learning)

#doubletop

Double top has 70% success rate , it normally formed when stock at their peak

@sanstocktrader Image
#Doublebottom

Double bottom is just opposite of double top . Its success rate also 70% according to technical boys , it is normally formed when price is rejected to go lower from previous low

@PAVLeader Image
#cupandhandle

Cup&handle pattern is also very popular pattern that normally formed when stock normally got corrected & again come to same level .its success rate also good 60%.

@rohanshah619 Image
Read 8 tweets

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