cup with handle pattern
A chart pattern in which the price bars on a chart form a rounded bottom resembling a cup, followed by a short-lived price retracement. When the downward momentum slows and the price begins to rise again, it forms the handle pattern on the right side of the cup. Technicians believe that a price movement that breaks above the "rim" of the cup and handle will Trigger a surge in volume and upward momentum. Compare to Double Bottom; Head and Shoulders; reverse Head and Shoulders; Rounded Bottom; Triple Bottom; V bottom. See Bottom; Trend; technical analysis.
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