Though Cup & Handle Patterns are generally good performers novice traders tend to enter way too early. Though UGA has formed a Cup & Handle, this is only its minor pattern. The dominant chart pattern is a Rectangle and could slide back to retest the break above the 250 EMA.
At FlashPoint Trading Academy, we will only enter a long position on a high volume break out above the top up sloping line of the triangle (also rim of C&H).
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