Cup & Handle bullish reversal pattern is confirmed on weekly with today's candle closing above the neckline resistance. The price Broke the channel of the handle, which initiated a bullish move. This move has two targets. The first target ($17.5) is achieved, which equals the size of the channel during the handle. The second target ($30) equals to the size of the...
This is a weekly chart showing a Cup & Handle pattern, which is a bullish continuation pattern that marks a consolidation period followed by a breakout. The handle resembles a flag or pennant that slopes downward. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. ...