A "Cup and Handle" is a chart pattern that can signal a stock's price might be about to go up. 📈
First, the price chart forms a "U" shape, like a round bowl or cup ☕. This shows the price went down for a bit and then came back up. This part should ideally take at least 7 weeks to form. ⏳ After the cup is made, the price dips a little bit, creating a small downward drift. This little dip is the handle. 🤏
The key moment is the breakout! 🚀 This happens when the stock price moves up past the top of the handle. Traders often see this as a "buy" signal, especially if a lot more shares are being traded than usual (high volume). 🔊 #cuphandlechart #TradingStrategies💼💰