|Cup with Handle|
Resembles a cup profile with the handle on the right. The cup duration is more than 3 hrs, and the handle duration is 1 hr.
Percent of successful formations – 62%
Average time to throwback completion – 4 hours
Compute the formation height by subtracting the lowest low reached in the cup from the high at the right cup lip. Add the difference to the high at the right cup lip and the result is the target price to which prices will climb at a minimum. Only 49% of the formations rise this far.