USD/JPY
The "cup and handle" is a chart pattern often observed in technical analysis, typically used by traders to identify potential bullish setups in a stock, cryptocurrency, or other financial instruments. Here's a quick overview of how it works:
Shape and Formation
Cup: The chart shows a rounded "U" shape that resembles a teacup. This indicates a period of consolidation after a price decline, followed by a gradual recovery to the previous high.
Handle: After the cup forms, a small downward or sideways movement occurs, resembling a handle. This is often seen as a minor pullback or consolidation before a potential breakout.
Shape and Formation
Cup: The chart shows a rounded "U" shape that resembles a teacup. This indicates a period of consolidation after a price decline, followed by a gradual recovery to the previous high.
Handle: After the cup forms, a small downward or sideways movement occurs, resembling a handle. This is often seen as a minor pullback or consolidation before a potential breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.