IOC Chart Observation

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 CUP Pattern (4 Months)

Conditions:

1. Pattern must be at least 6 to 8 weeks.

2. There should be great volume on right side of the pattern.

3. May re-test or not the neckline. In this case it has tested.

4. Target should be around the depth of the CUP.

5. Stop loss should be bellow the Re-tested Zone.


Additional Check.

1. RSI above 60. There is momentum in the price.

2. BB% greater than 70 there is volatility in the chart.


Target - 121

Stop Loss - 103

Risk to Reward 1.5


Note: This is for knowledge purpose only.


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