Cup and Handle Pattern:

✦ A reversal pattern (trend-reversing) that comes after a downtrend to turn it into an uptrend

✦ The success rate of the pattern is 71% (strong pattern)

✦ Trading volumes increase during the formation of the cup

✦ Trading volumes decrease during the formation of the handle

✦ The handle correction is about 50% of the cup's height

✦ The target is often the height of the cup

✦ Entry is either after breaking the price channel or resistance

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