vt_trader

Google Cup & Handle Pattern

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NASDAQ:GOOGL   Google Inc. classe A
Google has formed Cup Handle Pattern on daily timeframe chart. This is bullish pattern, we can take swing trade here.

Entry:
We can go Long after close of bullish candle above the resistance zone as marked on chart.

Target:
Usually for Cup & Handle Pattern target is equal to the depth of cup, we are going to keep the target near the next resistance zone.

Stoploss:
We can keep the stoploss below the resistance zone.

Aviso legal

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