A Cup and Handle breakout with retest is a bullish

A Cup and Handle breakout with retest is a bullish technical chart pattern that indicates the possibility of further upside momentum. In this pattern, the price first forms a rounded bottom resembling a cup, showing gradual accumulation and a recovery in buying interest, followed by a small consolidation or pullback known as the handle near the resistance zone. When the price breaks above the neckline or resistance level with strong volume, it signals a potential bullish breakout. After the breakout, the price may retrace to retest the previous resistance zone, which can now act as a support level. If the price sustains above this breakout zone and forms bullish candles with supportive volume, it strengthens the breakout confirmation and increases the possibility of further upward movement. However, if the price falls back below the breakout level, it may indicate a failed breakout, so traders should monitor price action, volume, and risk management before making any trading decision. Technical Analysis | Educational Purpose Only | Not Investment Advice.