cup and handle on bac

Discussion in 'Technical Analysis' started by happy trading, Feb 23, 2021.

  1. i have never studied this pattern before. is bac setting up to form a cup and handle breakout?
     
  2. maxinger

    maxinger

    cup and handle thing only works in the textbook.
    In real-world, the price can move in thousands of patterns/manners

    BAC - I don't see any cup and handle pattern.
    All I can see is that the chart is very messy and ugly.
    It will continue to be messy and ugly until the chart says otherwise.


    note that the uptrend started in Mar 2020 ( as in many other stocks).
     
    Last edited: Feb 23, 2021
    murray t turtle likes this.
  3. easymon1

    easymon1

    Last edited: Feb 23, 2021
  4. %%
    AFTER all these years/ i never have spotted a cup with handle\except in IBD /textbooks= too subjective.....
    BuT REALLY/its a pic of an uptrend above 200 day moving average/buy.
    Reasonable BAC uptrend but FEB tends to be so weak\week. Messy chart on 3 year but ok on 2021...........................................................................................................
     
    maxinger likes this.
  5. maxinger

    maxinger



    When I see such a messy ugly chart, I wouldn't want to be near it.
    Because it is difficult to profit from it.
    I'd look for other more presentable, more beautiful trendy charts.

    a lot of things mentioned in the books are not applicable to the real world.
    because the writers didn't spend enough time trading.
    as what people say;
    those who cannot trade, write books.
     
    murray t turtle likes this.
  6. %%
    ONE good thing about IBD cup with handle/he made a fortune + always put his cup with handle hi +late on charts+ plenty of time to profit/uptrend................................................................................................
     
  7. easymon1

    easymon1

    Cup n Handle chart uvxy 10m, lower left.
    https://elitetrader.com/et/threads/...at-right-here-baby.343012/page-8#post-5336117

    cup and handle 9994 uvxy 10m .png
    Ozzy thinks you're pulling his leg, murray.
     
    Last edited: Mar 2, 2021 at 1:58 AM
  8. easymon1

    easymon1

    Weekly charts? For what, that cup n handle is done.
    The example pattern triggered and exited the same day, Feb, 25's uvxy 10m chart.
    (you mentioned in a prior post "AFTER all these years/ i never have spotted a cup with handle\except in IBD /textbooks= too subjective....."
    So thought i'd post one that sprung up plain as day.
    Do you see your 'first cup and handle in the wild' there?
     
    Last edited: Mar 2, 2021 at 5:44 PM
  9. easymon1

    easymon1

    Last edited: Mar 2, 2021 at 11:16 PM