Cup and handle pattern on bar charts resembles its namesake, a cup with a handle. The cup is shaped as a "U" and the handle has a slight downward drift.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
Fib. Extension lines are drawn to show possible points of resistance before trend will move higher.
What do you think?
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
Fib. Extension lines are drawn to show possible points of resistance before trend will move higher.
What do you think?