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The daily chart shows that the BTC/USD pair has retreated in the past few days, moving from a high of 111,900 to 105,000 today. It has formed a cup-and-handle pattern, a popular bullish ...
A cup and handle pattern, also known as a “cup with handle” pattern, forms when market data is compiled and viewed over time. It looks very much like a cup with a handle.
The cup and handle chart pattern was developed by William O’Neil and introduced in his 1988 book – ‘How to Make Money in Stocks’. Understanding the cup and handle pattern.
In doing so, its price trends have painted what appears to be a cup-and-handle pattern on the weekly chart, as spotted by veteran analyst Peter Brandt. SOL/USD weekly price chart. Source: Peter Brandt ...
When you notice a cup and handle pattern emerging, it’s important to take a breath and make sure that’s really what you’re seeing. If the stock keeps dropping beyond the one-third mark, it ...
Bitcoin created a similar cup and handle pattern in 2016 that ultimately resulted in a significant breakout and an extended bull run. Should the past repeat itself, there may be a major upswing in ...
Microsoft Corporation printed two non-traditional cup and handle patterns in 2014. It topped out at $41.66 in April and pulled back to the 38.6% retracement of the last trend leg.
The cup and handle pattern was first identified by entrepreneur and stockbroker William J. O’Neil and explained in his 1988 book “How to Make Money in Stocks.” The bullish chart pattern is ...
A cup and handle pattern derives its name from the shape it takes on the stock chart. It’s a U-shaped pattern created by a decline in stock price that bottoms-out before trading back up, ending in a ...