Chart patterns like Cup and Handle and Head and Shoulders are popular because they can signal potential price movements based on historical trends. The Cup and Handle often works well for bullish breakouts, while the Head and Shoulders can signal trend reversals. That said, no pattern is foolproof—sometimes they fail due to unexpected news or market sentiment shifts. It’s important to use these patterns as part of a broader strategy, combining them with solid risk management tools like stop-loss orders and market analysis. Trading setups can play out perfectly, but when they don’t, it’s crucial to learn from the mistakes and adapt your approach.