Trying to spot reliable trading patterns
After spending months studying indicators, I’m starting to believe that price patterns might be more dependable for entries. The “cup and handle” setup frequently appears in videos and articles, but it’s challenging to distinguish which ones are genuine signals and which are false alarms. Are there any traders here who consistently make trades based on this pattern? I’m hoping someone can explain how to confirm it before jumping in and risking capital.
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A solid pattern to learn for sure. The cup and handle structure works best on higher timeframes where noise is reduced. The key idea is patience—wait for the price to break above the handle before entering, since that’s when buyers usually take control. There’s a great breakdown in the cup and handle pattern trading strategy guide that illustrates examples and explains how to combine it with volume analysis for more reliable entries. Once you practice spotting it, it becomes easier to separate real setups from fake ones.