IOC Chart Observation
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.