is a cup and handle pattern bullish 
as a general rule cup and handle patterns are bullish price formations the founder of the term william o neil identified four primary stages of this technical trading pattern first approximately one to three months before the cup pattern begins a security will reach a new high in an uptrend second the security will retrace dropping no more than 50 of the previous high creating a rounding bottom third the security will rebound to its previous high but subsequently decline forming the handle part of the formation finally the security breaks out again surpassing its highs that are equal to the depth of the cup s low point 