Cup and Handle

- Cup and Handle Pattern: U-shaped formation with a retracement handle.

- Indicates consolidation followed by breakout.

- Can signal bullish continuation or reversal.

- Continuation: Follows prior uptrend, with consolidation in Cup and Handle form, followed by uptrend post-breakout.

- Reversal: Occurs after a prolonged downtrend, reversing prior trend.

- Timeframes: Can form from minutes to monthly, with higher timeframes offering better breakout success chances.