META daily cup with handle rejected breakout?
There seems to be a large cup with handle formation over most of 2023 in META on the daily. After the completion there was a small handle formed and then a breakout of the top of the cup formation but this was a false breakout. Could this big, bullish pattern underperform and instead be a signal for lower prices on the horizon? Or might this breakdown be short lived and we will see a second breakout? The trading volume isn't particularly promising as it was lower during the second half of the cup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.