Hitesh portfolio

Hello Hitesh Sir,

I have few doubts on the cup and handle pattern as seen in KVB on a monthly time frame.

1. Isn’t the cup too deep and the correction in the cup more than ~>30% as stated by O’ Niel (KVB – Max. – 116 , Min. – 22).
2. O’ Niel also mentions that major part of the cup should be formed above the average depth, which here doesn’t seem to be the scenario.

Similar example is the Coforge cup and handle on weekly time frame.

If you would be so kind to please help me clear these doubts. I am pretty new to TA and categorised this cup and handle as a loose cup and handle pattern due to the above mentioned points.

Thanks in advance.