Get started

Cup-handle

[EOS/BTC] Cup and Handle formation!?Hello traders! Here we have , looking at it from a has been forming a 4H chart you can see a large CUP AND HANDLE over the past couple months. As outlined on the chart your buy point should be %5 above ideal point. If trade doesnt go as planned, there's 2 possible targets as shown on graph. As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
by Gibmoses
1
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern. Indicators like RSI are also bullish. Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead. I would recommend this call as a long term trade
Long
by MikadoMartinod
1
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle formation that is currently close to completion. It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength. Pending orders should be placed at a break of the 535 level. There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target). We are above the 100 day moving average and ichi. Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can. But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
SLong
by ninjacookies
9
Cup and Handle BreakoutNext target $6 Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement) MACD on daily and weekly holding positive and accelerating Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure Improving oil and gas drilling fundamentals Solid Q3 I was bullish on my previous post too early
FLong
by JohnVicinanza
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should. 1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful. 2) If it breaks out below point B at 1.08334 then the reversal should be on. Inverted Cup with Handle " You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. " - Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
by MrPresident
TDC Double Cup & Handle?! Strong case for breakoutOver the past year and a half TDC has formed what looks like a double cup and handle, where the handle for the first cup&handle formation is the cup for the 2nd cup&handle. Supporting Information: - Formation began with a large gap down from $36.12 to $33.03 on 8/6/15 - A strong resistance/support line (currently support) at about $30.70, which also constitutes a 38.2% fib retrace from TDC's high on 2/9/17 at $33.32 - From TDC's low of $21.98 in January of last year, the stock pulled back then bounced nicely after retracing 61.8 % (fib) - Both Stoch and CCI are currently in oversold territory - Since TDC began consolidating on 2/13, volume has been lower on down days and higher on up days, most recently showing declining volume as the stock has dropped - 50 day MA could provide additional support when it catches up to the stock I would recommend waiting until there is a clear breakout of this small pullback, preferably on strong volume (at least higher than average) with a close at or near its daily high . If this happens I would expect the stock to retest its high (between $33.00-$33.30), probably consolidating just under resistance until it finally breaks out. After a breakout above $33.30, next resistance would be after the stock closes the gap created on 8/6/15, with resistance between $35.80 and $36.12 And as always, make sure you have a stop loss in place, which I would place below current support between $30.50 & $30.30 and adjust up if the breakout occurs.
NYSE:TDCLong
by myfye13
NGAS - potential cup & handle play on the daily chartI suggest the chart is self-explanatory. If the pattern turns out to be a cup indeed, there should be a pull back to form some shape of a handle (often times as a falling flag/triangle), then the price would sharply break out the resistance of the recent high at the cup’s edge level and would head Northbound (or more precisely – North-East). Obviously, the exact moves are my biggest speculation to-date, but they are all based on the prior action and the resulting logic of the chart. However, regardless of the exact moves, if, again, it’s truly a cup, the eventual target is measured and is typically equal the depth of the cup. Also, notice that should the price reach its target, another cup might shape out with the new target above NGAS’ previous all-time high. The last but not the least, please note that this is not a trading advice but an exclusively theoretical exercise with a prohibitive level of uncertainty. Should you decide to take any positions along these lines, it is imperative (solely for your own good) that your trades are based on your OWN analysis.
FX:NGAS
by VirtualFax
3
Cup & Handle Bullish Medium TermWe can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the 143.23 July 15 high (the beginning of the pre-saucer consolidation pattern). Stay tuned. Always feel free to leave me a comment. I love critique, as it challenges my bias and pre-conceptions; go ahead, make me uncomfortable. Then we can all benefit!:)
Long
by chris333
1