A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout.
Wait for the price to close above the upper trend line of the handle.
Profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout.
Wait for the price to close above the upper trend line of the handle.