I'm posting this daily chart as an example of a perfectly executed Cup and Handle pattern. This is more educational than current analysis because it has already happened.
Once the top, bottom, and handle of the cup are established the future target price is easily calculated by taking the depth of the cup and adding to the top of the cup. In this case the minimum target price was around $8,201 which is exactly where it hit. I love it when a pattern completes as expected!.
For more information on the cup and handle pattern see: thepatternsite.com/cup.html
Once the top, bottom, and handle of the cup are established the future target price is easily calculated by taking the depth of the cup and adding to the top of the cup. In this case the minimum target price was around $8,201 which is exactly where it hit. I love it when a pattern completes as expected!.
For more information on the cup and handle pattern see: thepatternsite.com/cup.html