The cup and handle pattern was first introduced in 1988 by analyst William O’Neill and has since become a favored chart pattern among traders because it is relatively straightforward to recognize and trade on. The pattern forms during as a result of consolidation a...
Month: February 2019
A Comprehensive Guide to Wedge Patterns
Wedge patterns are chart patterns similar to symmetrical triangle patterns in that they feature trading that initially takes place over a wide price range and then narrows in range as trading continues. However, unlike symmetrical triangles, wedge patterns are...