- The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O’Neil and introduced in his 1988 book
- one of my beloved set up though is the 5 min cup , what i like to see is a cup that tested the 20 MA then came back try to test arecent high
- my trade is set on the break of the 5 min high with my S/L at the low the just tested ealier and the market bounced from there
- an added plus to this setup is most traders that shorted the stock or the pair will have buying orders before the break of the highs which help me with more volume to reach my targeted T/P when shorts traders get squeezed
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