cup & handle is a continuation pattern I guess, is it a valid Cup & handle?
srikartiram
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@Poison_1907, Its the visual you are seeing like that, it looks like bottom because i've zoomed in.
Because of the channel i drawn it may look like downtrend. Please review the attached chart.
I've taken long position end of the day based on the Channel support, Gap filling and Strength in global cues ( S&P500 and Europe)
P.S : By all this means it doesn't means i'm justifying the things. I absolutely have no sentiment or regrets when it goes in opposite direction the worst it will eat my SL and this is a hedged position so the pain is less.
I'm practicing towards risk reward my success rate would be less comparing to the other chartist here !