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.