When a cup forms with no handle, you can’t pick it up. If it forms with a handle, you can grab it. Socrates famously wrote about how cups with handles were better than cups without, for exactly the reasons I mentioned. He used that theory to get in on the ground floor of yahoo and made billions. Ever since traders watch for any sign of a cup and then frantically search for a handle. When it appears they know it’s time to buy. This is why people say that something resembles something “to a T”. Because of Socrates.

For the record, I see more of a French press with a filter. Never been good at charts.