๐ Day 1 of 30 Days, 60 Patterns Challenge!
๐ Pattern: Cup and Handle
A bullish continuation pattern resembling a tea cup โ๏ธ. After a rounded base and a small dip (handle), price often breaks out upward.
๐ Key Levels:
โข Support: At the bottom of the cup
โข Resistance: At the cup rim
โข Entry: On breakout above resistance
โข Stop Loss: Below handle low
โข Target: Equal to depth of the cup added to breakout point
โ Great for swing trades or breakouts!
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