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6 Keys to a GOOD Cup w/ Handle | Profiting from Chart Patterns

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One of the ways that I've found success in the stock market is through being able to identify constructive chart patterns. These patterns are by no means a cure-all or a holy grail, but what they give us is a way to answer the questions "How much? "When? and "What is our potential reward to risk?" It gives us a slight edge in the market by which we are able to be profitable over the long term. In this video we cover 6 Keys to identifying good cup w/ handle patterns and how to profit from them. Some of these principles can be applied to any chart pattern. 1. Look at multiple time frames. Start with the weekly chart, then move to the daily chart. 2. Look for stocks that were already in an uptrend before they started forming their base. 3. Ideally the RS line will be at or near new highs while it is forming the base. 4. Look at the weekly chart to identify long term support 5. Look at each individual bar on the chart... it is tell a story 6. Identify the advanced entry point on the daily chart ★ MORE RECOMMENDED VIDEOS FOR YOU ★ If you enjoyed this video, you may enjoy these other videos from ChartYourTrade: • Our BIGGEST WINNING TRADE of 2017: https://youtu.be/gnVHOsfVBq4 • 4 Ways to Know if You are BUYING TOO LATE: https://youtu.be/ssP-bTw8G3M • 3 Strikes for Selling Stocks: https://youtu.be/g9-iFXOypqI ♛ VISIT CHARTYOURTRADE.COM, CHANGE YOUR LIFE ♛ Our goal is to inspire millions of hard-working people just like you to take advantage of the stock market. We believe that it is one of the best opportunities in the world and a way to become financially free. It isn't easy. It takes practice and hard work. But EVERYONE can do it! https://chartyourtrade.com ✉ JOIN MY NEWSLETTER - GET A FREE 7 DAY EMAIL COURSE ✉ Our weekly newsletter is one of the best around, delivering advice, market insights, videos and more that will inspire you to do more and become successful. You'll also get a free 7-day email course to help you on your journey. https://chartyourtrade.com/newsletter/ ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching at least once a week. http://youtube.com/chartyourtrade ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Twitter: https://twitter.com/MichaelGLamothe • Facebook: https://www.facebook.com/chartyourtrade • StockTwits: https://stocktwits.com/MichaelGLamothe • Instagram: https://www.instagram.com/michaelglamothe • Website: https://chartyourtrade.com .: MORE ABOUT ME PERSONALLY:. • About: https://chartyourtrade.com/about/ ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) All the best, Mike #Inspire If you'd like to have your question answered live, visit https://chartyourtrade.com and jump on our newsletter.
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Text Comments (6)
Mizanur Rahman (4 months ago)
nice and clear, mizan here from virginia USA please help me to start coz i am thinking to do so
ChartYourTrade (4 months ago)
My IG account is @michaelglamothe
ChartYourTrade (4 months ago)
Mizanur Rahman I’d be glad to! Join me on one of my live chats. I go live on Instagram Monday-Friday at 3:30pm ET answering any and all questions.
AA Chowdhury (5 months ago)
hi Michael. thanks for your video. it's eye-opener. I have a question. you mentioned about consolidation of price or bar are consolidating (if i got that part right). didnt undertsand what you meant :( . and whats accumulation VS distribution week. what exactly its accumulating and distributing. it was bit puzzling. plz really appreciate if you can explain. once thanks for you video. good day
AA Chowdhury (5 months ago)
thanks man. thanks for getting back. AND what about the point you made 'consolidatinf of price'
ChartYourTrade (5 months ago)
AA Chowdhury thanks so much for your question! Accumulation and distribution are just other words for the buying and selling of the big players. When major mutual funds, hedge funds, etc... do a large block of buying, they are accumulating. When they sell, they’re distributing.

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