XAUUSD on the daily chart has a long-term cup and handle now in its final formation. Spot gold price has risen above the lip of the cup and is in position to ascend from there the height /depth of the cup for about another $100 on the current price based on the pattern to occur over the width of the cup or about 6-8 months. Any gold related instruments...
Welcome to Cup and Handle Town The chart speaks for itself. It is absolutely fascinating Target prices are marked on the axis. All narratives is these days from the evolving Bank Crisis, the Great Reset, CBDC's and fiat inflation erosion.... could we see the large cup and handle play out. I say why not.... but we would be waiting a while thats for sure.
Watching ETH on 1HR. Seeing a Bearish Inv Cup and Handle. If price trends upwards to 1927 watching for a breakout or reversal. Will go long on a bullish retest of that level Going Short If we get a rejection at 1927 watching the 200 MA as Support as well as bottom trendline of Handle Full Moon tonight could give some bullish price action a boost before a reversal
The chart speaks for itself. With some luck we could break above the top of cup resistance line and find support on it between here and 2024/25. That is a good move, but id love to be sitting in profit then with the option of riding the longer trend.
Please provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea. A cup and handle formation. Appears poised for the return...
EUR/USD completed a Cup and Handle pattern and continuing it's bullish momentum. Target around 1.21
BNF in 5M/15M if it follows this chart pattern then its going to close in HIGH...!!!
Could be inverse head and shoulders, double bottom, or cup w. handle. Regardless $22.90 - $22.45 area acting as resistance; but large volume for the last few days. Looking for a break out in this area with heavy volume.
Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 The pair broke and closed below an important rising trend line, it makes me think that the market may go lower before the FOMC. 2️⃣ USDJPY daily time frame 🇺🇸🇯🇵 The market reached a key horizontal structure resistance. Taking into consideration the fact...
NYSE:NKE trying to get out of a cup with handle base. I continue to remain on the sidelines observing for now.
A break out of a cup and handle pattern should see it test 0.618 Fib level. Target 49
Cup and Handle Pattern is complete. April monthly candle had a full bullish close with a lower wick suggesting rejection of lower prices and bulls about to take control. Price Target 170
We can see a bullish break out from cup and handle pattern. Price should move up to 0.618 Fib level. Target HKEX:125
EUR/JPY has formed and broken out of a cup & handle pattern, which is a trend continuation pattern! Expecting price to continue the bullish trend!
Although there is a cup-handle formation in the graphic, the targets are determined according to Fibonacci.
Although there is a cup-handle formation in the graphic, the targets are determined according to Fibonacci.
Many skills are required for trading successfully in the financial markets. They include the abilities to evaluate a company's fundamentals and to determine the direction of a market trend. But neither of these technical skills is as important as the trader's mindset. The recognition of patterns and its body of knowledge of how to react and what to expect helps...
As long as we stay above Fibo 1.414, we can reach the target. Alternatively, we can consider opening a sell transaction at the target level.