This study showcases a textbook Cup and Handle formation — a bullish continuation pattern that reflects long-term accumulation followed by a breakout-ready consolidation.
Pattern Anatomy:
Cup: A rounded base formed over several months, signaling gradual recovery and buyer buildup.
Handle: A shallow pullback in a downward-sloping channel, indicating controlled profit booking before breakout.
Neckline: Resistance zone connecting the highs before and after the cup, now acting as breakout trigger.
Targets:
🎯 Target 1: Based on neckline breakout projection
🎯 Target 2: Extended move aligned with weekly momentum
🧠 Strategic Insight
This setup reflects institutional accumulation, with breakout confirmation supported by volume expansion and volatility uptick. Traders can use pullbacks to the neckline as re-entry zones, with stop-loss below the handle base.
Pattern Anatomy:
Cup: A rounded base formed over several months, signaling gradual recovery and buyer buildup.
Handle: A shallow pullback in a downward-sloping channel, indicating controlled profit booking before breakout.
Neckline: Resistance zone connecting the highs before and after the cup, now acting as breakout trigger.
Targets:
🎯 Target 1: Based on neckline breakout projection
🎯 Target 2: Extended move aligned with weekly momentum
🧠 Strategic Insight
This setup reflects institutional accumulation, with breakout confirmation supported by volume expansion and volatility uptick. Traders can use pullbacks to the neckline as re-entry zones, with stop-loss below the handle base.
Sucrit.D.Patil
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Sucrit.D.Patil
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.