you talking to me @nasabear?
well the cup and handle pattern has quite specific parameters for Confirmation. You'll have to look them up yourself/ I don't do cut'n'pastes
Anyhow there's a Lip for Breakout, A forming of a Base for projection of breakout and a handle requirement of max 1/3rd retrace lip towards base.
Anyhow
MRF doesn't Qualify for a cup'n' handle class.
Just on the Handle being what's called in Falling Knife Mode still shows that.
Along with doubtful lip and False Breakout of Lip and
well one would have to be chasing butterflies or sniffing helium or amyl nitrate
to think the Cup and Handle was in Operation
Looking for a Consolidation Base Pattern. It's getting there around 5.5/6
maybe today there'll be a capitulation confirmation of end of falling knife?
Capitulation Confirmation.
TA has fancy jargon like Master of Business FA too, hey?