Snap is an expensive growth stock. It’s the kind of name investors have mostly avoided this year, although recent weeks have seen a shift back to such companies.
This chart highlights SNAP’s last four months of consolidation. It isn’t exactly a cup and handle, but there are important similarities: It’s a high basing pattern well above old highs. There’s no single...
USDCAD is finnally going back up after many weeks of downtrend. It does look like a cup forming, suspect it is now also reached a minor resistance. So a possible drop is to be expected. If it does drop to around 1.22 (not saying today), I would consider a shoot up very soon in 2-3 weeks.
Bullish cup and handle patters are one of my favorite. They incorporate the two most successful patterns your statistically trade in your trading careers.
The premise behind a cup and pattern is the rounded bottom gains the momentum of the move, once the momentum brings the price action back up to the price where the decline of the selling pressure began, the...
NASDAQ:MRNA showing telltale signs of the cup and handle bullish pattern , with decreasing volume in the cup base and forming a clear handle after the all-time high, meanwhile MACD is crossing above the signal line inside "the handle".
I'm a long term $Mara bull. Here's my quick overview of the chart. I have two scenarios on Mara, one is a cup&handle and other is bullish island reversal pattern; link below for island reversal.
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FYI: Remember $Mara Correlates with BTC
Scenario #1 we fail the support mara fills the gap at 27 area, there I would scale into calls...
Scenario # 2...
Reiterated on my idea of the cup and handle between March 15th and now.
I first published this idea a few weeks ago, and since then, earlier then I expected, we have started the ascent to the handle. I would have expected this to only happen by early June, based on the Cann Square levels. We can see that the levels have served us well so far, so I am surprised to...
Yesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge ...
Taking a look at the monthly charts and we can see the early formation of cup and handle, a bullish signal. Is the double bottom at 1680 the lowest for the handle? I think the probability of an explosive upside is good. Not trading advice, trade at your own risk.
