As per my Elliot Wave* analysis, Octobers low may mark the the mid-term bottom for gold and price has started to work on building the right hand side of the cup. As long as 168 holds, I would expect the price to move towards next important resistance area 194-200 area. Ideally build a hand of the cup after reaching that level and break-out above 194 towards...
The world's largest producer of nickel and palladium has had rather lackluster performance in 2023 advancing half as the general Russian Index. And still I cannot get over his accurate price structure that hints that better days are potentially ahead. I want the price to start forming the right side and later the handle of a cup, and break out above...
IRAO has very nice wave pattern and proper reaction to every relevant zone of support and resistance measured by fibonacci levels. It is yet hard to be sure that corrective wave iv has ended and the price is already on its wave to higher resistance zone, but on cannot fully negate this either. Trading thesis : Until price is bellow Sep's high 4.65, move...
Bouncing Back: AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊 The Cup and Handle Formation: What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This...
While it is to early to suggest, that price is prone to the break-out above 2.60 pivot. It fine to acknowledge this potential, due to favourable price and volume profile. Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week. It is yet to early to suggest the three...
MAR just formed a beautiful inverted Cup and Handle pattern. Once 190 breaks, a deep volume shelf break, free fall upto 175, which is the next volume shelf Downside Target 175.
Monthly Chart Target 84 Stop loss 45-47 Keep monthly Chart Time 9-12 months 2016 resistance breakout 57 is best price above this level must close No recommendation for buy and sell Only education purpose
LINK NOTES: We look like we are ready to take off here from a cup handle on the 4hr, if BTC breaks out and does the move I'm in the trade for then this will break $8 today! Targets: Bullish: $8.80 then $9.50 are my take profits if BTC pumps or this breaks the SUPPLY at $8! Bearish: $7.00 could be a last leg down before they push up and break if the handle I...
Sometimes it helps to look at things from a different perspective, so here's one of those: Bitcoin weekly inverted chart looks like a confirmed cup and handle targeting resistance (support). Just for fun, enjoy! :)
I'm just learning how to be a profitable intra day trader, I've been a swing trader before now but I've not been profitable with it but I've marked this up for months now and I can see that its following through, but I can see its entering a major resistance zone, so I'm telling you, if it can break through, we're still on a buy on EurJpy. But I stand to be...
Hello friends! I've seen your interest on my previous BINANCE:TOMOUSDT analysis and wanted to keep you updated on the lower TF. As my account is young, I have only 7 points of reputation, I cannot add pictures to my comments. So I decided to just put this in a new post. As I've mentioned previously, we've hit the Entrance zone at $1 and went back up to...
Cup and Handle pattern formation. ** Trade At Your Own Risk TF : 15mins
Hello, I am just posting my trade idea. I was waiting for this one this morning. We retested the previous high of 15480 and then strong rejection to the downside breaking the up channel which is the handle. Thus triggering a short position. My current target is the 15150 area.
XAUUSD is trading A Cup & Handle Pattern on its daily chart. The price is trading above the Breakout: 1808.170 approaching the 38%: 1884.238. Target1: 62% 1930.601 79%: 1962.026
Entry .90c-1.00 Clear cup and handle pattern. Repeat of cup from .93c gives a completion target of around 8.00
On a daily time frame, Cup & Handle pattern can be seen forming which may give a breakout.
The price has already broken the cup pattern. now, the price is at the PRZ point, which can be good, If of course,Price keep the PRZ zone. If the price can break the 2080 point in the midterm, the price will reach the target much more easily. ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be...
We see the classic cup & handle pattern in the Nasdaq 100, where currently the handle in the downtrend was broken upwards and retested. Thus, further highs are expected, above the previous 52w high and then the ATH. Furthermore, with Friday's close, the MA50 in 4H was exceeded, which is also bullish.