In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further...
I bought the stock today
August 30, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. Newly IPO stock in late 2022
5. High relative strength
6. This is the second buy-able base since the IPO (first: vcp on 8/2/24)
7. More stocks start showing traction.
Flaws:
1. Not really in a...
Oil is pounded down but NYSE:XOM seems managed to hang on. It's now even at inflection point of trying to breakout the downtrend line, which if it does, a completion of cup & handle pattern.
Wait & see for now.
I bought the stock today
September 11, 2024
Reasons:
1. Low-risk entry point
2. Long base cup development
3. Formed a classic cup with a nice drifting handle
4. VCP characteristics on the handle
5. One of the leaders in banking sector beside IDX:BRIS
6. We're in a general market bull campaign
7. More stocks start showing traction.
Flaws:
1. Currently...
Pattern Formation: MRF Ltd. has been forming a cup-and-handle pattern over the past several months, indicating a bullish continuation. The stock has successfully tested the key Fibonacci retracement levels and is now moving towards potential breakout zones.
Cup-and-Handle Formation:
The rounded cup formed after the stock declined from its peak around...
we see on the smaller timefram a possible cup and handle forming. the target is in confluense with a larget timeframe 0.5 . this is a possible setup i made for it. its still a 20% move to the upside. offcourse it could go much higher without a doubt. but this is a possible trade setup.
cheers!
JSW Steel charts are showing clean Cup & Handle formation.
With the interest rates set to decline, metal sector as a whole looks well placed for a rally.
Please do your own research and analysis before making a financial commitment.
SP:SPX has completed its cup & handle pattern. The price target would be 6200, let see if it could find the needed fuel.
Stop loss is simple: at the breakout line.
It's perfect. I'm buying this handle. Buy-write if you worry about getting lower before higher.
Great long-term investment grade issue. Not going away.
Not recommended for day trading, speculation or scalps.
HBAR has been on an absolute tear as of late, but it appears that the momentum is slowing. If it does, it is likely to pull back deeper into the wedge pattern and is also likely to form a 'handle' pattern to accompany the cup it has now formed. This would be a great opportunity to short as the handle forms and go long once it has bottomed and the price action...
Looking at Bitcoin on the weekly, I can see a clean and clear cup and handle pattern. If this breaks above resistance successfully, we could see Bitcoin eventually go above 120k as the target is around that price based on the pattern. Let's see how this plays out!
As of September 26, 2024 , the daily chart of Reliance Industries (RIL) is presenting a cup and handle pattern , a bullish continuation structure suggesting potential upward movement in the stock price.
Key Insights:
Cup and Handle Formation:
The stock has completed the cup portion and is forming the handle, indicating a likely breakout.
A...
If you’re a believer in technical analysis, it’s hard NOT to be bullish on BITCOIN right now given the absolutely textbook Cup & Handle Pattern which we see on the weekly timeframe.
Buckle up and giddy up.
We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at the end of 2024 or the beginning of 2025.
The cup and handle...
📊 Script: HINDALCO
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Script is giving Cup & handle Pattern Breakout on daily chart.
📈 Already crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 66.
📈 One can go...
SOLANA (SOL) has been building a massive cup-and-handle formation on the weekly chart that has taken 3 years and 8 months to achieve. If SOL breaks out of this pattern to the upside, the gains could be unbelievable!
Good luck, and always use a stop-loss!
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UNFI looks good here. It broke out from the cup and handle pattern in a 4-hour and did a successful retest. Long some here and add more in the dip.
Entry range:- $2.72-$2.76
Targets:- $2.86/$3.02/$3.13/$3.3
SL:- $2.63
Lev:- 5x-10x
![XOM: [XOM] Exxon at inflection point](https://s3.tradingview.com/p/P8YvklEp_mid.png "[XOM] Exxon at inflection point")
![SPX: [S&P 500] Cup & Handle pattern is complete](https://s3.tradingview.com/s/SxLTl1E5_mid.png "[S&P 500] Cup & Handle pattern is complete")
