Cup and Handle Pattern. Sign of Bullish Price Formations ??

Formation of cup and handle pattern can be clearly notice on larger time frame (weekly/monthly).
If price able to break 1.6 and breakout, then confirmation of bullish formations.
Can trade warrant counter as alternative for bigger returns.

KERJAYA-WB
Warrant info (as per 2/5/2021) :
Expiry = 28/02/2023
Exercise/Strike Price = 1.6
Gearing = 7.11
Premium = 33%

Entry confirmation : Low RSI, MACD cross
TP : Price exceed Bollinger bands, Fibo extension
Cut Loss : Fail breakout, Break support handle

This is just my trading idea. Please do your own study before entering any trade.
Any comments or suggestions are welcome.