#TradingTip - The Cup and Handle Pattern
The Cup and Handle is a classic bullish chart pattern that signals potential upward movement in price. It consists of a “U” shape (the cup) followed by a small dip (the handle), with a breakout occurring afterward.
Key Points:-
Bullish Pattern: Indicates a potential rise in price.
Cup: Formed by a rounded bottom.
Handle: A brief downward movement that follows the cup.
Breakout: Typically occurs as price moves upward after the handle.
Stop-Loss: Place it below the handle to protect against potential losses.
Happy Trading !
