The cup and handle is a bullish continuation pattern in technical analysis that signals a potential uptrend after a period of consolidation.
It consists of two parts: a rounded, "U-shaped" cup, and a smaller, downward-sloping handle that forms on the right side of the cup.
Traders look for a breakout above the handle's resistance level, often accompanied by a spike in volume, to confirm the pattern and enter a long position.
It consists of two parts: a rounded, "U-shaped" cup, and a smaller, downward-sloping handle that forms on the right side of the cup.
Traders look for a breakout above the handle's resistance level, often accompanied by a spike in volume, to confirm the pattern and enter a long position.
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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.