A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
It is a continuation pattern where a cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
It could also be a Reversal pattern which turns the trend from downtrend to uptrend.(we are not discussing)
It is a continuation pattern where a cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
It could also be a Reversal pattern which turns the trend from downtrend to uptrend.(we are not discussing)