$SOFI - Cup & handle or rounding bottom

Sofi seems to have found a bottom and broke out of the descending broadening wedge with cup and handle pattern. Technically speaking cup and handles are continuation patterns and they are normally found on uptrend. Hence some may want to call this a round bottom or saucer bottom. So call it what you want.
If the price can break above $8.50 area which is above the lip area of the cup or saucer, we can see the price move up to $10.58 which is the 200 DMA area.
However there is a risk that the pattern fails and we could revisit $6 area.
Target 1 - $8.50
Target 2 - $10.58 (200 DMA)
Risk - Retreat to $6

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Disclaimer: Not an investment advice.