Neat cup-and-handle on recent consolidation, has broken out, shot past first fib extension with minimal resistance and now meeting (possibly stronger) resistance at initial offering price. Once that is broken, expect quick run up to next fib extension point @ 22.5p where it could pause again.
I suggest the chart is self-explanatory. If the pattern turns out to be a cup indeed, there should be a pull back to form some shape of a handle (often times as a falling flag/triangle), then the price would sharply break out the resistance of the recent high at the cup’s edge level and would head Northbound (or more precisely – North-East).
Obviously, the exact...
Still neutral for now, but watch out for the yet probable cup and handle pattern. Even if the fundamentals aren't really bullish, could pump on good USD economic news like house sales.
This is a match I found after removing all of my drawings and looking for a new one. It seems to be acting it out near perfectly, enough that I've made some trades on very small movement just based on the fractal.
The saucer bottom has been, in my experience, a very reliable bullish chart pattern. We want to continue to use appropriate trend following entry strategies of buying on strength. Therefore, you will want to go long on a breakout of recent highs. You'll want to leave plenty of room on your stop loss given the fast and volatile nature of this cross product. Look to...
We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the...
C+H is usually a sign of bullish continuation and NOT at the end of a downtrend.
However, this still may play out as a C+H would. Reversal/Continuation patterns do rarely emerge in reverse.
Long @ break of 0.764 fib
HCLTECH MAKE CUP & HANDLE pattern buy above channel breakout 798 (fib. retrace. 61.80%) stop loss 774 which is below 50% retrace and 34 EMA 1ST TGT 852, 894 AND 945 LONG TERM CALL
Hi guys,
Hours ago the price reached my target as expected. I had published my idea. There is possible the chart to complete the cup and handle chart pattern. I am waiting to see what happens
