META daily cup with handle rejected breakout?

161
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.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.