Cup and Handle Pattern inTrading

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What is the Cup Handle Pattern?

The Cup and Handle Pattern is a candlestick chart pattern shaped like a cup with a handle. Conventional traders use it as a reliable breakout strategy.
It is a dependable indicator for traders to predict when prices may spike higher. They trade at the breakout point after waiting for the pattern to fully form and anticipating a significant upward rise.
It is considered a strong indicator that prices may increase when combined with the concepts of supply and demand.