Best Buy Cup with Handle Trade:
- Trend: Stock was in an uptrend and formed a well-defined Cup with Handle pattern.
- Entry: Breakout above the handle high with high volume.
- Reversal Signal: The stock quickly retraced and closed below the handle, signaling weakness.
- Exit: Closed the trade upon breakdown of the handle for a small 2% loss.
- Aftermath: The stock continued moving lower over the next few days, confirming the failed breakout.
This trade reinforces the importance of respecting stop-loss rules and recognizing failed breakouts early to avoid deeper losses.
