A Cup and Handle pattern Breakout.
https://www.tradingview.com/x/1yV0qWwv/
In this pattern we can see that there is an breakout, and stock closes above the resistance zone. The main point is that when stock is forming a handle, same curve occur on volume indicator. So this can be a true breakout, and stock may touch to its next resistance. Which could be around 210 and 240. Around 170 it will be a good level to have a stock in portfolio.
In this pattern we can see that there is an breakout, and stock closes above the resistance zone. The main point is that when stock is forming a handle, same curve occur on volume indicator. So this can be a true breakout, and stock may touch to its next resistance. Which could be around 210 and 240. Around 170 it will be a good level to have a stock in portfolio.
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