Cup and Handle pattern breakout

24 Des 2023

A Cup and Handle pattern breakout accompanied by strong volume at the breakout level is a bullish signal. This pattern typically signifies a potential upward trend, with the consolidation (handle) preceding a breakout. Good volume at the breakout level adds confirmation to the pattern, suggesting increased market interest and potential for sustained upward movement. Traders often view such setups as positive indicators for entering long positions.