As the chart appears, you will see first of all twin deep formation which has been begining increase through first resistance of FIBO "7.24"
plus all of that increasing triangle behaviour seen clearly all these formations could be signal of an upwards trends.
in addition pivot P is 6,90 which is under of current pirce points.
you may take position on 7.24...
as The chart appear, it has an increasing triangle form,
Pivot and Fibonacci lines are crossover each on.
First resistance point will be R1 Line, all you could take position under that point.
this chart and other explanation are not investment strategy!!
The cup and handle is a bullish continuation pattern where an upward trend has paused, but will continue when the pattern is confirmed. The "cup" portion of the pattern should be a "U" shape that resembles the rounding of a bowl rather than a "V" shape with equal highs on both sides of the cup. it means that possible increases should wait.