I bought positions today The reasons: 1. Low-risk entry 2. Long base, 31-week Cup and handle 3. Near all-time-high back to 2015 4. 7 years long base setup 5. VCP characteristics Flaws: 1. Bad fundamental standpoint 2. Lack of volume on the breakout If you draw a line back to 2015, you will see the line of supply near the all-time high. This is the main reason...
My idea for the next two weeks is bullish if we won't see a double top. The resistance in the 1.11 Range seems stronger than the one around 1.08. I hope for a pullback to 1.06 since the RRR is not quite good at the current setup. Am I correct in my Cup and Handle assumption?
EURUSD has formed an U shaped formation considering a Cup And Handle pattern on its daily chart. The price is approaching the Breakout: 1.07362 where long could be executed following up with uptrend confirmation stops will be placed Stop: 1.06398 targets 62%: 1.14781 79%: 1.16789 127%: 1.22637 162%: 1.26710
Continuation for extra confirmation.... COMMENTS ON THIS TRADE WILL BE MUCH APPRECIATED
It has already made a cup and handle on daily chart. I am expecting it to go to 0.226. Keeping my target at 0.225.
For Bitcoin its not a perfect inverted cup and handle. But since the SPX is drawing a much nicer C & H, and BTC price is correlating alot, this could become the reality. Target to the downside is at $5600, something I do believe is not that likely.
XMRUSDT is making a cup and handle pattern. Also it is in bullish trend. It seems it will continue its bullish trend.
LTCUSDT is making a Cup and Handle pattern. It is most likely it will continue it bullish trend.
XAUUSD has formed a Cup And Handle Pattern on its daily chart. The price is trading the breakout 1808.194 with potentials targets... TP1 1879.013 100% AD 272% C&H TP2 1950.965 1272% AD 618% C&H TP3 2041.992 1618% AD 100% SYMMETRY DEPTH C&H
NYSE:PFE broke out at 45.60 and after hitting a high of 58, it then retested support in Oct 2022. It has now broken out and is heading higher.
EURNZD - As kiwi heads higher, expect eurnzd to decline. You get the pattern? It's a typical, the trend is your friend with this one, I did fade some took that off. Now if we break this support we head down further! Not Signal Provider - Follow your own trade plan! Trade Journal
SBUX is resting at the top of a parallel channel, within the handle of an inverse cup n handle. I am short to $96.
SILVER - BUY THE DIP? It could be time to just keep buying the dips on silver - follow your own trade plan! Decent pattern in play. TJ
The stock and given a clear breakout from the pattern and is set to meet its measured move target soon
hello guys i have 2 positions for xlm cryptocurrency... short position: sl: 0.1334 tp: 0.0590 entry: market long position: sl: 0.0341 tp2: 0.093 tp5:0.2067 entry: 0.0520 always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
BLZ is forming a cup and handle pattern with ascending triangle pattern. it's likely to break out.
In the image, the period of the graph is 1 day. The 1-hour chart has reached the resistance point. It will likely drop around 2% to another Fibonacci support point. It is not investment advice.
CMP 81.70 | Bullish momentum | Good volume - May re-test between 71-80 levels - Tracking for short to mid term *Not recommendation