>In an uptrend, price action finds first resistance (1), where it reverses direction and goes
downwards steadily till finding first support (2), which will be the lowest low in the pattern.
• Price action reverse direction from support (2) and goes upwards steadily, till finding the
second resistance (3) and completes the cup formation.
• Price action reverse direction from resistance (3) and goes downwards, till finding the
second support (4), which must be higher than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till
it breaks the cup and handle surface at point (5).
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downwards steadily till finding first support (2), which will be the lowest low in the pattern.
• Price action reverse direction from support (2) and goes upwards steadily, till finding the
second resistance (3) and completes the cup formation.
• Price action reverse direction from resistance (3) and goes downwards, till finding the
second support (4), which must be higher than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till
it breaks the cup and handle surface at point (5).
Hello Traders 👋If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.