The **cup and handle** pattern is a bullish chart formation that signals a potential upward price movement. It consists of two parts:
1.Cup: A rounded bottom formed after a decline, followed by a gradual recovery to previous highs.
2.Handle: A smaller pullback or sideways consolidation after the cup, typically lasting a few weeks.
When the price breaks above the resistance line formed by the cup, it signals a potential breakout and upward momentum. This pattern suggests strength after consolidation.
1.Cup: A rounded bottom formed after a decline, followed by a gradual recovery to previous highs.
2.Handle: A smaller pullback or sideways consolidation after the cup, typically lasting a few weeks.
When the price breaks above the resistance line formed by the cup, it signals a potential breakout and upward momentum. This pattern suggests strength after consolidation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.