Cup with Handle

This pattern takes the shape of a cup of tea and marks a pause before resuming the uptrend.

Cup with Handle
Bullish continuation chart pattern
Follows an uptrend
Price consolidates within the cup
The cup looks like a bowl
The handle is shaped like a flag or pennant sloping downward
The handle can retrace up to a third of the cup
The handle represents the pullback before the breakout
Volume dries up during the cup formation
Volume expands on the breakout of the handle's resistance
Projected price target:  height of the cup