Wednesday, January 17, 2018

Cup with Handle Chart Pattern

Cup with Handle Chart Pattern

The cup with handle pattern is one of the most bullish chart patterns.  It works well on top growth stocks during a market uptrend.  Its a close cousin to the rounding bottom pattern – another very bullish pattern.
As the name suggests, this chart pattern looks like a cup or pan with a handle.  Imagine looking at a pan (with the handle projecting to your right) from the side of the pan and you will see it easily on the chart below. http://bit.ly/2FJPdEr

Wednesday, January 10, 2018

Bull Flag Pattern

The bull flag pattern is probably the most bullish chart pattern you can trade.  As the name suggests, it looks like a flag pole with a flag on the top portion of the pole. 
To form the pattern, the price rises substantially in a short period of time and then consolidates for generally a few days to a few weeks to form the flag portion of the chart pattern.
A true bull flag pattern often leads to a secondary move of similar magnitude.  The price often rises 15% to 50% or more in a short period of time IF the price breaks out of the top of the pattern.
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