TradingView is expanding its collection of automatic chart patterns via the addition of Cup and Handle and Inverted Cup and Handle.
A Cup and Handle is a trend continuation pattern, which is a U-shaped trend correction — a cup and another smaller movement immediately following it, a handle. The handle can also have a U-shape or can be presented as a trendline. It is believed that after the breakdown of the handle, the price will go further in the direction of the trend by at least the height of the cup.
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