Burst with cup and handle cheat
3C Pattern
3C stands for "Cup Completion Cheat" and it is the earliest possible time you can take a position in a stock as a trader. Visually, this pattern looks like a cup-with-handle with the difference that there are two handles.
The first mini-handle is referred to as the "cheat" (because it feels somewhat like "cheating" according to the author).
This pattern will occur primarily during a general market correction.
The setup offers the advantage that you can take a position fairly early with a short stop-loss. If the position evolves favorably you can then extend the position as soon as the price breaks out above the second plateau (second handle).
3C stands for "Cup Completion Cheat" and it is the earliest possible time you can take a position in a stock as a trader. Visually, this pattern looks like a cup-with-handle with the difference that there are two handles.
The first mini-handle is referred to as the "cheat" (because it feels somewhat like "cheating" according to the author).
This pattern will occur primarily during a general market correction.
The setup offers the advantage that you can take a position fairly early with a short stop-loss. If the position evolves favorably you can then extend the position as soon as the price breaks out above the second plateau (second handle).
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