Video: How To Trade The Cup & Handle Chart Pattern (In Under 4 Minutes)
One of my core beliefs as a swing trader is that a successful trading strategy should be simple to follow.
While¬†hundreds of different types of chart patterns exist, experience has taught me that being laser-focused on just a few patterns¬ makes the overall¬†best stock trading strategy.
In a bull market, many of the Morpheus¬ daily stock picks are based on the cup and handle chart pattern.
The cup and handle pattern is quite popular among technical traders for three reasons:
- It is quick and easy to spot the chart pattern while scanning stocks.
- In typical neutral to bullish markets, plenty of cup and handle patterns are continually formed.
- In terms of follow-through, the¬†cup and handle is one of the more reliable chart patterns.
Below, Sasha Evdakov¬†presents an excellent trading video on¬ how to trade the cup and handle pattern in¬†under¬†four minutes.
I’m pleased to share Sasha’s video with you, and I think you’ll enjoy it too.
Jump¬†to 0:14 to skip the intro text if you like:
In addition to the cup and handle pattern, another bullish trade setup we target is¬†stocks breaking out of flat bases of consolidation.
You can learn more about buying flat base breakouts, as well as our exact rules¬†for trading the cup and handle,¬ here.
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Deron – founder @ Morpheus Trading Group