Good Morning Traders, I'm relativity new to charting (only about 6 months). This is my first post. I'm wondering if this meets the requirements for the Cup and Handle pattern. This is the current 4hr BTC chart.I 'd appreciate any and all comments or constructive criticism you might be able to offer. Please do not use my limited experience for any of your personal trading . Thanks in advance for any help or advice.
The base of the cup needs to fit tighter up against the lower price action. Upon reaching the top of the rim of the cup the price would fall downward some and then turn back upward to form a handle. The price action on the handle once it passes the level of the rim should then continue upward past the rim to “confirm,” and then it’s supposed to reach a “minimum target price” above the rim that is equal to a length that measures from the base of the cup to the rim of the cup. In your chart I would bring the base of the cup up some and widen it, as it would still be making its way up to the rim, still yet to form the handle.