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Cup with Handle Inverted and sell trade signal

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    Cup with Handle Inverted and sell trade signal

    Appearance Price follows the shape of an inverted cup followed by a handle. Price breaks out downward.
    Upward price trend Just over half the time, the pattern forms as a price top, meaning that prices enter and exit the pattern from the bottom.
    Rounded cup Look for a smooth, rounded cup, but accept deviations.
    Cup rims The starting and ending points of the cup should stop near the same
    price, usually less than 6% difference.
    Cup handle Between the right cup rim and the breakout is the handle. It can be
    any length. The median is 40 days long.
    Cup retrace Price in the handle must not climb above the top of the pattern but
    should bounce upward. The three most frequent retrace amounts
    are, in order, 42%, 35%, and 60%.
    Breakout Price must close below the right cup rim before the pattern is valid.
    Cup with Handle Inverted and free forex trading signals
    Measure rule Compute the handle height then subtract it from the price of the
    right rim low. Warning: This only works about half the time
    Head-and- shoulders Look to the left of the cup to see if another handle appears. If so, this might be a head-and-shoulders top with a fat head and two
    handles as shoulders.
    Open short When price closes below the right rim low, short fx signals .
    Close short If prices decline quickly, several points in a few days (almost
    vertical), consider closing the short position. Prices usually rebound after such quick declines.
    Trend line
    Draw a trend line down from the handle. When price closes above the trend line, cover your short.
    Measured move down
    The handle may be the corrective phase of a measured move down (MMD). Sell when prices near the amount of the first leg decline.

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