Example for Cup and Handle Pattern in Jakarta Stock Exchange (Bursa Efek Indonesia/IDX)

Cup and Handle Pattern:

• A bullish continuation pattern
• Found within an uptrend
• The cup can extend from 1 to 6 months, sometimes longer on  weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
• There should be a substantial increase in volume on the breakout above the handle's resistance.

• Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

Example: Stock KLBF.

right pick of the cup (A) = IDR 1,390
the bottom of the cup (B) = IDR 355
breaks trendline = IDR 1,420
distance (A) to (B) = IDR 1,035
Target (C) = IDR 1,035 + IDR 1,390 = IDR 2,425
[Read This in Bahasa Indonesia]



Best Regards,