Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: golfer72 who wrote (217114)	10/4/2025 9:14:35 PM
From: GROUND ZERO™	1 Recommendation Recommended By toccodolce Read Replies (1) of 220068

Actually, a cup and handle pattern is really two separate patterns that are joined together... Before the handle is formed we have the cup alone, but at that point the handle isn't expected to form... The cup alone wouldn't be called a cup, it's called a rounding bottom... A rounding bottom is a rather bullish chart pattern on its own even without a handle... So, when the handle is formed, we actually have a pull back from that initial rounding bottom which is then rejected for yet another move higher which then forms the handle... This second move higher is when the the handle is formed... All together, the cup and handle pattern is typically considered even more bullish than just a rounding bottom which is already considered bullish since the pull back from the initial rounding bottom is rejected for yet higher prices which then forms the handle... So now, this current cup and handle pattern is genuinely bullish for silver and I would presume that gold would generally either follow or lead the way higher... So, let's see how it develops from here... GZ

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