Learn about investing, trading, retirement, banking, personal finance and more.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Click here to view the current news with the use of Patterns
The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
Navigate the vast ETF landscape with our comprehensive guide. Learn how to align your investment goals, understand ETF structure, assess liquidity, compare expense ratios, and evaluate tracking errors to choose the best ETF for your portfolio
Explore the concept of Moving Average Ribbon, a crucial technical indicator in trading, and understand the high-risk, high-reward strategy of margin trading. Learn how these tools, when used effectively, can enhance a trader's decision-making capabilities
An individual can automatically have their tax return due date extended by 6 months by filing a Form 4868
Discover the world of expenses in finance. Learn what expenses are, their categories, and how to manage them effectively for optimal financial health and profitability. Explore operating, non-operating, capital expenses, tax deductions, and more.
Dive into the world of the SPY ETF, the pioneering fund tracking the S&P 500 Index. Understand its significance, performance, and unique construction. Explore the distinction between SPY and SPDR, and discover why this ETF remains a top choice for investors seeking broad U.S. equity market exposure
Explore Tickeron's in-depth analysis of key day trading strategies including Price Action, Volatility Analysis, and Correlation Models. Delve into how these strategies can be tailored to different trader profiles to optimize financial outcomes. Gain insights from technical analysis
Coffee stocks: Discover the robust caffeine market led by Coca-Cola, PepsiCo, and Starbucks. Uncover their market dominance, financial stability, and growth prospects. Learn about consumer trends, investment opportunities, and challenges in this resilient sector, ideal for long-term growth.
Explore the distinctions between Swing Trading and Day Trading, each with unique strategies, benefits, and challenges for market participants. Dive into the nuances of time frames, risk management, and the role of technical and fundamental analysis in optimizing trading outcomes.
Discover the Rule of 72, a simple formula used by investors to estimate how long it takes for an investment to double. Dive into its applications, accuracy, and how it stands out in the financial world for its ease and adaptability
Dive into the world of trading with our comprehensive guide on market orders. Learn how they work, their advantages in fast-paced markets, and the risks involved. Understand when to use market orders in your trading strategy for optimal results.