Secondary Trend (Recovery Phase After Capitulation)
After a long accumulation phase at the bottom, the price made a strong impulsive move upward with growing volume. This created a classic “Cup and Handle” formation, where the initial surge was stopped by major resistance near the cup's rim. Currently, the price is finalizing the handle and may be preparing for a potential breakout continuation.
Local Trend (Within the Handle)
The handle has formed a Double Bottom pattern — typically a bullish structure. Since the price has already moved significantly off the lows, this is not the best entry point for short-term trades. However, from a secondary trend perspective, the setup still looks promising.
Target Zones
If the breakout continues, the first significant target lies near the resistance zone of the previous cup top — a key area where sellers previously stepped in. Reaching this zone would confirm the strength of the recovery trend and may lead to a broader reversal.
✅ Not financial advice. Always follow your own trading plan and risk management strategy.
After a long accumulation phase at the bottom, the price made a strong impulsive move upward with growing volume. This created a classic “Cup and Handle” formation, where the initial surge was stopped by major resistance near the cup's rim. Currently, the price is finalizing the handle and may be preparing for a potential breakout continuation.
Local Trend (Within the Handle)
The handle has formed a Double Bottom pattern — typically a bullish structure. Since the price has already moved significantly off the lows, this is not the best entry point for short-term trades. However, from a secondary trend perspective, the setup still looks promising.
Target Zones
If the breakout continues, the first significant target lies near the resistance zone of the previous cup top — a key area where sellers previously stepped in. Reaching this zone would confirm the strength of the recovery trend and may lead to a broader reversal.
✅ Not financial advice. Always follow your own trading plan and risk management strategy.
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