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The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts from 1 to 6 months, while the handle should only last for 1 to 4 weeks. [3] The "cup and handle" formation was defined by William O'Neil" [2] [4]
Chart pattern; Cup and handle; D. Double top and double bottom; F. Flag and pennant patterns; G. Gap (chart pattern) H. Head and shoulders (chart pattern) I. Island ...
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
Inverted Hammer A black or white candlestick in an upside-down hammer position. Considered a bearish pattern in an uptrend. Considered a bearish pattern in an uptrend. In a downtrend, it indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down.
This type of head and shoulders pattern has more than one left or right shoulders or head. It is also known as multiple head and shoulders pattern. [citation needed] One particular type is known as a Wyckoff distribution, which usually consists of a head with two left shoulders and a weaker right shoulder. [citation needed]
The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating that further price rise is imminent or highly likely. Most of the rules that are associated with double top formation also apply to the double bottom pattern.
The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets (stocks, bonds, futures, etc.). [1] The patterns are characterized by a clear direction of the price trend , followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend. [ 2 ]
Inverted bell; Kite; Lecotropal, in botany, shaped like a horseshoe (see horseshoe-shaped, above). From Greek λέκος dish + -τροπος turning [5] [6] [7] Lens or Vesica shape (the latter taking its name from the shape of the lentil seed); see also mandorla, almond-shaped; Lune, from the Latin word for the Moon; Maltese Cross curve [8]