SAUCER BOTTOM

A saucer bottom pattern, also called a cup and handle, etc., is a pretty often used pattern for recognizing "breakouts" and a trend change.

As a commodities price trends down to form the bottom of the saucer, open interest and volume start to dry up as people become disinterested.

The price rises up a little and starts a sideways trend, also known as the "handle" in a cup and handle formation. The "handle" may even trend down a bit.

As the price breaks above the "handle" on higher volume, it usually signals a trend change. 

The price may trend down some after the initial breakout, and the "handle" should now provide support if the trend change is valid.