The weekly chart of
PROS
is a great example of cup and handle pattern:
- the shape is "U", not "V"
- the cup is not overly deep
- the handle is also not overly deep, it is in the top half of the cup
- the volume is decreasing in the handle
Target: the cup is about $0.4 high (between $0.2 and $0.6), then the target should be around $1.
- the shape is "U", not "V"
- the cup is not overly deep
- the handle is also not overly deep, it is in the top half of the cup
- the volume is decreasing in the handle
Target: the cup is about $0.4 high (between $0.2 and $0.6), then the target should be around $1.