Trading the Cup & Handle Pattern

if you look you will find them all over the place

it is pull back to the bear high and instead of continuing the bear trend it goes sideways and then breaks out to the upside.

the inverse C& h is a pull back to the bull low a sideways consolidation and a bull break out.

at least i hope it is

but it is what i remember from my good old days of position trading in the bull from 2003

 

because of the liquidity in ES... it applies even more IMO

 

I got one on the daily, and maybe one in the making (the retracement was a bit too deep)

 

And if you watch carefully there is a small one right on the left of the S letter of the watermark

 

Very interesting dynamics here.

Someone new, couldn't make cup and handle work, looking for help, yet instead of been thankful, rejected outright and very critical when some kind soul offered his opinion to help?

 

you will have to ignore 90% of people here '

no one wants to talk about trading

 

i believe that most people are just not aware of how ridiculous their behavior is. unconsciously acting like an ungrateful buffoon...taking offense to even the slightest criticism. Asleep with their eyes open...you can hear them snoring through the screen.

I am an expert in this subject because i am the most guilty lol.

 

On what planet is that a C&H? It invalidates as soon as it retraces more than 50% according to the rules...not to mention its more of a V not enough rounding. Also, what you've done with the drawn in c&h is chart the handle of a prior, larger cup and handle.

The C&H you should be looking at is the one below, and going by the target rule of the depth of the cup added to the break out we are about at that target...which further invalidates the one you are looking at...although it can pullback giving the impression of a handle forming.





If you really want to know what's going on you have to zoom out.




However, keep in mind that the 5 wave can extend 1.6 fib from the beginning of the 1 wave, which is very extended, to the end of the 3 wave...so personally I would use those levels over the rough C&H levels because C&H's technically don't even exist...they are just part of the EW structure.

 

Yeah, have seen that, I just put people on ignore when being too condescending and I'm fine.

 

I'll talk trading all day. I just explained why trying to trade C&H's is futile if you don't understand the wave count.

Did @almx block me? lol...this is why some people will never learn...they would rather bury their head in the sand.