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All this is done in a quick, casual, relaxed, intuitive manner. It doesn't take a high powered computer and a formula intricate enough to please a rocket scientist to pull this off. It just takes some experience and the willingness to observe accurately. Then your brain naturally does the rest at a subconscious level and comes up with a weather Bitcoin price prediction 2025.
For the most part, you want the bottom part of the cup to look like a "U", and not so much like a narrow "V". This is part of the natural correction process, which scares out weak holders of a stock, and brings in strong holders. The handle formation usually takes more than 1 or 2 weeks to develop. It should have a downward Dogecoin price history and future trends drift, and not correct more than 10 to 15 percent under normal market conditions. It is beneficial for volume to dry up significantly near the lows of the handle. There are other handles, but this type of handle has proved to be the most successful. Growth stocks can create the cup with handle pattern during moderate general market corrections or declines. The stock market TON (The Open Network) Price declines about 8 to 12 percent during a normal moderate correction.
However we are still not fully refined in terms of the strength of the signal. We can also consider the Chinkou Span. This is often referred to as the "final arbiter" that can either confirm or deny a trade. The general rule is that if the Chinkou Span is above the price action when a bullish cross has takes place, it adds more weight to the signal strength. The reverse is true for bearish signals, the Chinkou Span being below the price action adds more weight to a successful outcome of a short trade.
The more times support or resistance has been tested the more valid it is and if its in different time frames, spaced apart by weeks or months all the better. This means the level is considered valid by the market and the chances are when the level breaks, a new strong trend will develop.
When using breakouts is to be patient and look for ones that all traders consider valid and these will be high odds breaks, so be patient. I know a trader who does this, trades about 10 times a year and piled up over 300% last year alone. He's not a genius, guru or smart ass; he's simply using a methodology that works for anyone and it can work for you to.