The **cup and handle** pattern is a bullish chart formation that signals a potential upward price movement. It consists of two parts:
1.Cup: A rounded bottom formed after a decline, followed by a gradual recovery to previous highs.
2.Handle: A smaller pullback or sideways consolidation after the cup, typically lasting a few weeks.
When the price breaks above the resistance line formed by the cup, it signals a potential breakout and upward momentum. This pattern suggests strength after consolidation.
1.Cup: A rounded bottom formed after a decline, followed by a gradual recovery to previous highs.
2.Handle: A smaller pullback or sideways consolidation after the cup, typically lasting a few weeks.
When the price breaks above the resistance line formed by the cup, it signals a potential breakout and upward momentum. This pattern suggests strength after consolidation.
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