William J.O'Neil, an American technician in one of his books, named "How to Make Money in Stocks," defined Cups and Handle.

A cup with a handle shaped chart indicating the flow of trend is termed as Cups and Handle technical chart pattern.

But, still, some of the traders adhere to O'Neil's rules.

A stock forming pattern indicates a trend, and with a Cup and Handle, the uptrend could be known.

Things to keep in mind when observing Cup and Handle pattern:Cups with long ‘u’ indicate a strong signal to invest.

Volume should decrease with price and increase when the price goes higher.

The Trader or investors should have the proper knowledge of the forex indicators and how to apply them in their support.

Many times this can be daunting and confusing for the traders to utilise the trading tools.

Secondly, several novice traders depend only on technical analysers and forget that all these tools only display the picture of the market and do not analyse the future.

The third mistake is don't blame the indicators when a trade doesn't gain the profit.Type of IndicatorsThere are majorly two types of technical indicators.Trending market Indicators:The trending market means when the price line of a stock is going in the same direction, either downward or upwards.Ranging Market Indicators:The range-bound market means when the price is trending upwards and downwards, in a particular range.

Same like this when the RSI crosses level 70, the asset is assumed as over-purchased and is expected to convert to the downtrend.Market Players should also keep in mind that huge demonstrations affect the RSI, and this can give false signals of selling and buying.

Further, if the RSI is combined with, like MACD, the results will much better.Moving Average Convergence Divergence:MACD is a famous technical indicator and consists of two moving averages of distinctive time frames.