Cup and Handle pattern
A "cup and handle" is a technical chart pattern that resembles a cup and a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
1: Cup Bullish (continuous) pattern
A Cup and Handle pattern is formed, after a pullback from an upward rally that stalls due to overhead resistance.
2: Inverted Cup bearish pattern
An Inverted Cup and Handle pattern is formed after a pullback from a low swing, that stalls due to underlying support.
A cup and handle is considered a bullish signal forming an uptrend, and is used to spot opportunities to go buy.
A cup and handle is considered a bearish signal, extending a downtrend, and is used to spot opportunities to go sell.