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Cupandhandlepattern

🚀💥 Unleash Profits NASDAQ Buy Signal! Don't Miss Out! 💰💥 Get ready to ride the wave of potential profits as NASDAQ presents a compelling cup and handle pattern—a highly reliable setup that often leads to significant price gains. What makes this setup even more enticing is the neckline, which is positioned at the critical level of 15,000. Breaking above this level signals a significant shift in market sentiment, as it now acts as a solid support, attracting eager buyers looking for opportunities to join the uptrend. With the breakout now confirmed, it's the perfect entry point to jump on board this bullish rally. Keep your sights set on profit targets, starting with 15,150, followed by 15,300, and ultimately aiming for 15,450. Remember to monitor the market closely and adapt your strategy as necessary. Keep an eye on key technical indicators and price action to validate the bullish momentum. And of course, always stick to your risk management plan to ensure a successful trade. Don't miss out on this exciting opportunity to ride the NASDAQ to new heights! Buckle up, stay focused, and let's navigate the markets together. 🚀📈💪 Don't forget to press the like button if you think this insight was helpful🚀
OANDA:NAS100USD
by Thomas_Zito
2
NIFTY IN SUPER BULLISH MODE READY TO BULLISH INDIA NIFTY SPOT TARGETS UPDATED TARGETS BASED ON MONTHLY CHART - BULLISH FLAG WITH CUP AND HANDLE PATTERN. FOR EDUCATIONAL PURPOSE Tgt 1 : 20243± (SHORT TERM) Tgt 1 (A) : 21132± (SHORT TERM) Tgt 2 : 22465± (LONG TERM - Maximum by Dec 2024) Tgt 2 (A) : 25598± (LONG TERM - Maximum by 2026) Tgt 1 & Tgt 2(A) tracking From 31/08/2022 when Nifty spot was trading at 17759. Tgt 1(A) & Tgt 2 tracking From 01/06/2023 when nifty was trading at 18579. Note : The above is my personal view based on chart pattern and shared it for educational purpose only. In between ups and downs are quite common. Market will test us by some dips. No Gain without Pain. Tgts get invalid when Nifty spot closes below 15000 If any Changes in the chart pattern I will share it during that time. Used Support, Resistance, Chart Pattern and My Eyes as an Indicator. Chances of hitting the tgt based on Chart Pattern 70 - 80% Rest MARKET IS SUPREME. Let's see how Market Behaves. STAY INVESTED & ENJOY THE RALLY
NSE:NIFTYLong
by SENTHILKUMAR1976_CHARTLOVER
4
Bitcoin ($BTC) 3 Bullish scenariosLeft Chart: 1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com Middle Chart 2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we were about to reverse towards the upside creating an S/R (Support Resistant) Flip. As for the green wave, we have just finished our C move and bounced off the new demand zone, completing our D move as the price will likely move up as we are currently trending the upside to complete our E move. Targeting aorund 42k based on the 0.5 fib level Right Chart 3. Simple cup and holder formation that could take us to around 47k BTC.
BLong
by yoyokenwan
USDJPY What will happen in the near future?🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 🌟 Bullish signals are: - Bullish Cup & Handle - Bullish Pennant - Dynamic Support zone - Pivot R1 monthly - Ascending Triangle - moving EMA 20 50 ✅TARGETS: 142,148 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7
Final Analysis on QQQ ( short term and long term explained )$$$ Based on the chart, it appears that a cup and handle pattern is emerging on the weekly timeframe. Given the current overbought conditions in the market, I have a strong expectation of a significant correction in the second half of the year. I have a sense that we have reached a peak, as there is considerable resistance suggesting a sell signal. Based on my analysis, prices are likely to decline further as the handle forms, eventually leading to a breakout towards the end, signaling the start of a real bull run.
NASDAQ:QQQ
by thekidtrader11
🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards. Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade. Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
BINANCE:BTCUSDLong
by FieryTrading
18
Learn How to Trade Cup and Handle (rare but profitable pattern)☕ If you are studying a price action, you should definitely know Cup and Handle formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern has 3 important elements: Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend. Handle - short-term correctional movement with signs of bullish strength. Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects. ⚠️Being formed, it warns you about a highly probable coming bullish movement. The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above. Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement. Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern. 📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern. Here is the example of a reversal C&H that I spotted on EURUSD. 📈If the pattern is formed at the top of a bullish impulse, it is considered to be a trend following pattern. Here is the example of a trend following C&H that I spotted on GBPJPY Index. The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout. There are 2 strategies to trade this pattern. ✔️Strategy 1. That approach is quite risky, but the reward can be quite substantial. You should monitor the price action when the price is forming a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one. Your trigger will be a bullish breakout of its resistance and a candle close above. Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest. Stop loss will lie below the lows of the channel. Target will be the closest key resistance. Here is the example of the handle being a falling channel. 📍Strategy 2. Wait for a breakout of a neckline of the pattern. Once a candle closes above that, it will confirm the violation. Buy the market aggressively or set a buy limit on a retest of a broken neckline then. Stop loss will lie below the lows of the handle. Target will be the closest key resistance. Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index. Applied properly, the strategies may reach up to 70% win rate. As always, the best pattern will be the one that forms on a key level. Try it, test it, and good luck in your trading journey. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
TSLA Cup & Handle Bullish ContinuationTSLA as shown on the 60 minute chart has been in a cup and handle since the last earnings report. Trading volumes increased then and the print is a gradual downtrend reversed to a gradual uptrend then the handle formation and finally the breakout above the lip of the cup. TSLA and Ford this week announced collaboration on a charging network primarily with Ford customers getting use on existing TSLA stations and both companies expanding the network. Perhaps this mutually benefits both companies. China holding interest rates and perhaps lowering them more easily allows financing of new Telsas in TSLA's biggest market. Based on the technicals about the cup and handle and the height of the cup. the pattern which has good reliability predicts bullish continuation of $40 upside. In consideration of this I will take a trade of an additional 2 contracts ( strike $180 Exp mid November).
NASDAQ:TSLA
by AwesomeAvani
DXCM WCA -Cup and Handle Company: Dexcom Inc. Ticker: DXCM Exchange: NASDAQ Sector: Health Technology Introduction: Our technical analysis today concentrates on Dexcom Inc. (DXCM), a prominent name in the Health Technology sector, listed on the NASDAQ. A potential Cup and Handle pattern, serving as a reversal formation, has been forming on the weekly chart, suggesting a promising setup for bullish traders. Cup and Handle Pattern: The Cup and Handle pattern typically emerges during a period of consolidation, signifying a potential bullish reversal or continuation. It's recognized by a "cup" formation, followed by a smaller "handle". Analysis: Previously, Dexcom was experiencing a clear downward trend, represented by the blue diagonal line. However, the trend appears to be changing, with the price now consolidating in a Cup and Handle pattern. Though the handle's size is slightly larger than the norm, the well-defined horizontal resistance at 125.58 lends credibility to the pattern's significance. The price is standing above the 200 EMA, confirming a bullish environment. If the price breaks above the horizontal resistance, it could present an excellent opportunity for a long position. The subsequent price target is projected at 184.24, indicating a potential upside of approximately 46.69%. Conclusion: The weekly chart of Dexcom reveals an interesting Cup and Handle pattern, hinting at a potential bullish reversal. As such, this setup could provide a favorable long trading opportunity. Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always do your own research and consult with a financial advisor before making investment decisions. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NASDAQ:DXCM
by KarimSubhieh
2
Radix cup and handle formation(?)In my opinion it seems Radix has started forming a cup-and-handle formation. It's very early to predict the pattern so let's (wait and) see what the price will do the upcoming weeks. When the pattern is confirmed it's definitely a bullish sign. Then you can draw a line from the bottom of to the upper part of the "cup". Take that distance and put it at the point of the outbreak to see what's the target. When I'm doing this calculation, XRDUSD token-price has a target of approximately $0.23. We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
XLong
by Frosty55
GEDYH DCA - Cup and Handle Company: Gedik Yatirim Menkul Degerler Ticker: GEDYH Exchange: BIST Sector: Financials Introduction: Welcome to our weekly technical analysis, where today we're focusing on Gedik Yatirim Menkul Degerler (GEDYH), listed on the BIST in the Financials sector. The weekly chart showcases a Cup and Handle formation, suggesting a bullish continuation. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation pattern that marks a period of consolidation followed by a breakout. It's characterized by a "cup" - a round, bowl-like pattern, and a "handle" - a small bearish channel or consolidation, following which a breakout occurs. Analysis: GEDYH's chart demonstrates a clear Cup and Handle formation over the course of 833 days. This pattern often indicates a bullish continuation, signaling potential for growth. The price is convincingly above the 200 EMA, further emphasizing the bullish environment and a preference for long setups. The horizontal resistance is established at 8.23 TRY. If we witness a breakout above this level, we could potentially initiate a long position. The price target, following a successful breakout, is set at 12.78 TRY, representing an estimated gain of approximately 55.83%. Conclusion: GEDYH's weekly chart presents an interesting Cup and Handle formation, suggesting a potential bullish continuation. This analysis should be part of a comprehensive market research and risk management strategy. Please note, this is not financial advice and investing always carries risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
BIST:GEDIK
by KarimSubhieh
BEARDSELL- LOOKS SUPER ATTRACTIVE FOR LONGHello Friends, Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3)) Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below. overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave. current scenario of Elliot Cup and Handle chart pattern stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume Price challenging upper bollinger bands price is trading above 50DEMA, 100DEMA and 200 DEMA MACD in daily time frame MACD in weekly time frame RSI in daily time frame RSI in weekly time frame overall the scenario for BEARDSELL LTD is showing bullish bias Disclaimer I am not SEBI registered analyst please consult your financial advisor before taking investing decision i am not responsible for any kinds of your profits and losses.
NSE:BEARDSELLLong
by KARANN_DINGRA
4
Ingersoll Rand Inc WCA - Cup and HandleCompany: Ingersoll Rand Inc. Ticker: IR Exchange: NYSE Sector: Industrials Introduction: In today's technical analysis, we turn our attention to Ingersoll Rand Inc. (IR), a key player in the Industrials sector, listed on the NYSE. The weekly chart is demonstrating a potential Cup and Handle formation, a well-known bullish reversal and continuation pattern. This pattern has developed over a period of 553 days, suggesting a possible breakout on the horizon. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that occurs during an uptrend and represents a period of consolidation followed by a breakout. It is characterized by a "cup" formation, followed by a smaller consolidation period called the "handle." Analysis: Previously, IR's chart was showing a clear uptrend, indicated by the green dashed line. Now, we are witnessing a consolidation phase that appears to take the form of a Cup and Handle pattern. The horizontal resistance is at $60.51, and the price is comfortably above the 200 EMA, signaling a bullish environment. A breakout above this resistance level could be a potential entry point for a long position. However, this setup also presents a unique condition, a natural breakout filter, in the form of a secondary resistance level at $62.33. A convincing breakout would ideally surpass both these resistance levels. The potential price target, if both resistance levels are broken, is set at $81.63, signifying an upside of approximately 35% from the breakout level. Conclusion: IR's weekly chart reveals an interesting setup with a potential Cup and Handle pattern. This could suggest a continuation of the previous bullish trend. This setup is currently a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IR
by KarimSubhieh