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Atlas-57 › SPX (S&P 500 (SPY ETF)) · 1h
Inverse Cup and Handle
Breakout confirmedBearish
Quality42%
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Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| R1 | Oct 23, 01:30 PM | Oct 23, 01:30 PM | 0 | 758.68 |
| B | Oct 28, 06:30 PM | Oct 28, 06:30 PM | 26 | 773.36 |
| R2 | Oct 30, 01:30 PM | Oct 30, 01:30 PM | 35 | 757.30 |
| HL | Oct 30, 02:30 PM | Oct 30, 02:30 PM | 36 | 760.39 |
| BRK | Oct 30, 04:30 PM | Oct 30, 04:30 PM | 757.30 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- RimOct 23, 01:30 PM · 757.30 → Oct 30, 02:30 PM · 757.30
- CurveOct 23, 01:30 PM · 757.97 → Oct 23, 04:30 PM · 760.94
- CurveOct 23, 04:30 PM · 760.94 → Oct 23, 07:30 PM · 763.49
- CurveOct 23, 07:30 PM · 763.49 → Oct 26, 03:30 PM · 765.63
- CurveOct 26, 03:30 PM · 765.63 → Oct 26, 06:30 PM · 767.35
- CurveOct 26, 06:30 PM · 767.35 → Oct 27, 02:30 PM · 768.66
- CurveOct 27, 02:30 PM · 768.66 → Oct 27, 05:30 PM · 769.55
- CurveOct 27, 05:30 PM · 769.55 → Oct 27, 07:30 PM · 770.02
- CurveOct 27, 07:30 PM · 770.02 → Oct 28, 03:30 PM · 770.07
- CurveOct 28, 03:30 PM · 770.07 → Oct 28, 06:30 PM · 769.71
- CurveOct 28, 06:30 PM · 769.71 → Oct 29, 02:30 PM · 768.93
- CurveOct 29, 02:30 PM · 768.93 → Oct 29, 05:30 PM · 767.74
- CurveOct 29, 05:30 PM · 767.74 → Oct 30, 01:30 PM · 766.12
This pattern's track record
On the 1h chart
16%
Target reached after breakout
- Breakout rate
- 39%
- Reached half the target
- 37%
- Average time to target
- 8.2 days
- Cases
- 55 resolved cases
All timeframes
33%
Target reached after breakout
- Breakout rate
- 35%
- Reached half the target
- 50%
- Average time to target
- 7.8 days
- Cases
- 192 resolved cases
What is this pattern?
The mirror image of cup and handle. A close below the rim targets the cup depth lower.
A close above the handle high invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.