These rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns'
Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas N. Bulkowski
Targets are on the chart.. would suggest running a trailing SL to get max returns on this one.
Like and follow if you found this of use. Not financial advise.