Cup & Handle Pattern Video: An Incredibly Reliable Pattern
Research Performed With TrendSpider
The cup and handle chart pattern is one of the most reliable formations in technical analysis. It is characterized by its distinctive shape, which resembles a cup with a handle on the right side.
Two decades of trading research indicate that the cup and handle pattern boasts a 95% success rate in bull markets, yielding an average profit of +54%.
While the cup and handle pattern is both dependable and precise, it can be challenging to spot. Nevertheless, with 61% of trades using this pattern reaching the average price target, it represents a solid trading strategy.
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Read the full article here: How to Trade a Cup and Handle’s 95% Reliability & 54% Profit.