Cup and handle on the daily if the price remains above 121.98 ?

The handle should not drop into the lower half of the cup and that means price should not go down to less than 122$

Wait for a handle form. The handle often takes the form of a sideways or descending channel or a triangle. Buy when the price breaks above the top of the channel or triangle.

Only when the price moves out of the handle, the pattern is considered complete so trade accordingly.