Hi Peony
Welcome and nice pick up and thought.
Generally speaking the C&H is a continuation pattern and mostly forms in an established up trend but is possible maybe as u say.
The below link explains in more detail what too look for and also breakout targets if so.
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:cup_with_handle_continuation
JHC Chart, page-5
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