Solid base formation is the key for success of any pattern. These factors to identify strong base in cup and handle pattern are highly valuable.
A base is a technical term that is often used by technical analysts for referring to a type of stock chart pattern. Most of the base patterns indicate periods when a stock, or bond, or a commodity, levels off or corrects after prior advancement.
A base can also be referred as consolidation phase. It is extremely significant for the viability of any chart pattern. Generally, a base is considered strong when price of financial instrument is trading in very tight range.
On the other hand, if the trading pattern in a base formation is loose or choppy in nature then it could be weak base formation. Therefore, you need to identify the strength of base formation before setting profitable targets after pattern completion.
Read more at: http://getupwise.com/finance/investments/stocks-mutual-fund/11-factors-identify-strong-base-cup-handle-pattern/
Our slideshare content is intended for educational purpose only. It’s not intended for the purpose of replacing professional financial advice.
Follow Us On....
Website: http://getupwise.com/subscribe-us/
Facebook: https://web.facebook.com/getupwise
Twitter: https://twitter.com/GetUpWise
Google Plus: https://plus.google.com/u/0/114410131743470430654/posts
Pinterest: https://in.pinterest.com/getupwise/
Tumblr: http://getupwise.tumblr.com/
Flickr: https://www.flickr.com/photos/136979772@N03/
31. 20 Basic Rules To
Analyze Cup And
Handle Chart Pattern
10 Basic
Characteristics Of
Cup And Handle
Chart Pattern
32. 10 Day Trading
Tips To Trade Cup
And Handle Pattern
10 Surprising Things
To Avoid In Cup
And Handle Pattern
33.
34. Online platform to gain smartness in wide range of
subjects like finance, health, career, automobile,
tours & travel, and many more….
Image Source: Shutterstock, Gettyimages, NewYork Stock Exchange, Oafs,
Wallpapercave, Pngpix, Prize-performance, Pureonlinejobs, & Google Images
35. Our video content is intended for
educational purpose only. It’s not
intended for the purpose of replacing
professional financial advice.
