Definitions for "cup and handle"
Keywords:  drift, rally, slight, downward, chart
A pattern on a bar chart that is in the shape of the letter "U" over a period...
An accumulation pattern observed on bar charts. The pattern lasts from 7 to 65 weeks; the cup is in the shape of a 'U' and the handle is usually more than 1 or 2 weeks in duration. The handle is a slight downward drift with low trading volume from the right-hand side of the formation.
A popular pattern that triggers a breakout through a triple top. The formation draws a long and deep base after an intermediate high. The market rallies into a double top failure that creates the "cup". It pulls back in a small rounded correction that forms the "handle" and then surges to a new high.