target: 5$
The cup and handle pattern is a bullish continuation chart pattern that signals a potential upward price movement. It resembles a teacup with a handle, where the "cup" is a rounded bottom and the "handle" is a smaller downward drift. A breakout above the handle's resistance level suggests a continuation of the prior uptrend.
The cup and handle pattern is a bullish continuation chart pattern that signals a potential upward price movement. It resembles a teacup with a handle, where the "cup" is a rounded bottom and the "handle" is a smaller downward drift. A breakout above the handle's resistance level suggests a continuation of the prior uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.