Saudi Aramco 2222 going to 25.5 at leastSaudi Aramco is having a cup and handle and going to 25.5 at least as shown in the chart.
Something to mention, is that it could still increase to the baseline. But surely technically to the ~ 25.6
Cup And Handle
S&P500 (SPX500): Classic Bullish ReversalThe 📈SPX500 showed strong support at a horizontal demand area on the 4-hour chart.
A clear rejection and the formation of a cup and handle pattern suggest that buyers will likely drive prices up.
The target levels to watch for are 5,418 and 5,481.
IPCA Labs: Cup and Handle Pattern Awaiting Breakout
Chart Pattern: Cup and Handle
Potential Breakout: Awaiting confirmation of breakout soon
Technical Indicator: MACD showing a bullish crossover
Resistance Level: Stock is breaking a strong resistance level
HINDALCO INDS - CUP & HANDLEHINDALCO INDS has formed a Cup & Handle pattern on its weekly chart. This pattern took over 2 years to develop. It is now retesting and has formed a hammer candle. The stock may dip slightly to touch the 50 EMA before reversing upward.
Key Takeaway : Identifying support and resistance levels is crucial. Two years ago, the 622 level was a resistance but has now become support after being broken. The Cup formation happened at the 50 EMA, which provided support and then reversed. It has since re-tested this old resistance, which should now act as support. The hammer candle near the 50 EMA suggests a potential reversal. The stock may stay at this level for a few days or start moving up in the coming week.
This is for learning and educational purposes only, not financial advice.
UPL Swing TradeUPL turned Bullish after a long bearish trend. Financials were beaten up by the estimated results. Forming a Cup and handle.
Entry - Above 560
Target - 705
Stop Loss - 519
INDIA CEMENT:- Momentum TradingINDIA CEMENT: Momentum Stock
This counter is showing VCP(Volatile Contraction Pattern).
This may see Momentum, when it crosses 275.
SL as 20 SMA (Weekly Close Below)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
Cup and handle pattern breakoutGood volume buildup in daily as well as in weekly timeframe.
Cup and handle pattern breakout with good volume.
Smallcap⚠️⚠️
QOQ sales are up.
Fundamental's are OK.
FII & DII stakes are up significantly.
NOTE: I do my analysis, do your before trade.
Rallis India Ltd- A Tata Group Company in Agriculture Chemicals Rallis India Ltd- A Tata Group Company in Agriculture Chemicals
Buy above- 270
Stop Loss - 235
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
BITCOIN (BTCUSD): Correction Will Continue
Bitcoin looks quite overbought after a strong bullish rally
earlier this week.
I think that the price may retrace from the underlined blue
daily resistance.
I expect a pullback to 58500
❤️Please, support my work with like, thank you!❤️
Cup and handle pattern breakoutGood volume buildup in daily and weekly timeframe.
Cup and handle pattern breakout with good volume.
Fundamental's are OK.
NOTE: I do my analysis, do yours before trade.
Cup and handle breakoutGood volume buildup in daily and weekly timeframe.
Cup and Handle breakout with good volume and successfully retest.
Fundamental's are good.
DII stakes increased.
NOTE: I do my analysis, do yours before trade.
BTC To Touch $120k | What's Next? | #analysewithahadBTC on the weekly chart is forming cup & handle pattern, indicating a bullish sentiment on a longer timeframe.
Near about 15th November'21, BTC started to plummet from the high of $70k to the low of $15,476 on 21th November'22 - Aproximately, BTC took the whole year to fall and pivoted from there to make another high of $73,777 on 11th March'24.
BTC has ballooned by 352.45% pre-correction.
Now, the correction is looking healthy.
BTC, to rally again, need to break the resistance level at $72,774.
Once, it is broken with volumes, we might witness a healthy rally till $120K.
But, nothing can be said with respect to the time it will take.
Just wait and watch.
EURGBP: Pullback From Resistance 🇪🇺🇬🇧
There is a high chance that EURGBP will
pullback from a key intraday resistance.
I see a cup & handle pattern on that
and a confirmed breakout of its neckline.
Goals: 0.8595 / 0.8585
❤️Please, support my work with like, thank you!❤️
USDJPY: May Bounce From Key Level📈USDJPY has demonstrated two significant bullish signals following a test of an important horizontal support level.
These include a breakout above a resistance line in a descending expanding wedge pattern and a breach of the neckline in a cup and handle pattern.
As a result, I anticipate further upward movement with a target of 149.42.
TeslaWe can see three different patterns in 3 time frames namely trend consolidation, falling wedge and rounding top. 200 is rounding bottom pattern completion zone and can act as a strong support.
Buy above 209 with the stop loss of 207.5 for the targets 211, 213 and 215.
Sell below 205 with the stop loss of 207.5 for the targets 203.5, 200.5 and 198.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Market Mayhem: Unpacking the Crypto CorrectionIt's me again, and the crypto market is in a state of panic. We've exited the consolidation phase, indicating bearishness and a distribution phase. However, as I mentioned in my previous post, the market remains in an uptrend, and the Halving and ETF still offer significant bullishness.
According to Elliot wave principles, a major retracement is logical given the strong uptrend since November 2022. In such trends, prices often retrace to:
- 23.6% for a minor correction
- 38.2% for a moderate correction
- 50% for a significant correction
Bitcoin recently retraced to 38.2% and filled a high demand zone. Does this mean we'll see a recovery? I can't say for sure, but I've identified two potential zones where the price may visit. We've already seen the $52,000 zone, and there's a minimal chance of reaching $42,000.
Two reasons support this minimal chance:
1. Bitcoin would need to drop by another 15% in the next week or two, which is unlikely and would put us below the November channel.
2. The formation of a Cup and Handle pattern, which typically tests old highs and incurs selling pressure from investors who previously bought at those levels. This selling pressure can lead to consolidation and a downtrend for days, weeks, or even months before advancing higher. The handle often finds support at the 50% retracement in a rounded shape.
Considering the factors mentioned earlier, it's reasonable to conclude that we may be experiencing either:
1. The Bottom handle of the Cup and Handle pattern, which could precede a potential breakout.
2. The onset of a Recovery phase, marking a turning point in the market trend.
In either case, this presents a crucial moment for the crypto market, and it's essential to monitor developments closely to determine the next move.
Feel free to ask questions, and as always, don't forget to like and engage with the content!
INDEX:BTCUSD BINANCE:BTCUSDT
GOLD (XAUUSD): Bullish Outlook Explained
Analyzing Gold on intraday time frames this morning,
I spotted multiple bullish clues.
The price started to nicely respect a rising trend line on a 4H,
after a one of its test, a cup & handle pattern was formed.
I think that the market has a nice potential to retest a current high.
Goal - 2467
❤️Please, support my work with like, thank you!❤️
Cup & Handle Forming!! - GUHere I have GBP/USD on the 1 Hr chart!
Price dipped down into the Support Zone that was recently used in the beginning of July making its Low @ 1.2707!
Afterwards, price came right back up to make an Equal High @ 1.28404 forming quite a popular Reversal Pattern, the Cup & Handle!!
Now this PA formed the "Bowl" and after the Equal High, using the Fib Retracement Tool, we can see Price made a 61.8% Retracement beginning the formation of the "Handle"!
This Higher Low tells us that if this Fib Retracement holds, we could be seeing the end of this Downtrend and the beginning of an Uptrend to the Potential Range Target of 1.29992 - 1.30502!
- Bullish Divergence @ Support
- Violation of Structure from LL to HL
- RSI ABOVE 50
BTC1! Weekly Futures - Patterns & TimeRange defined reversal and weekly expansion so far on bar #20 of the handle / bull flag consolidation. Long above short below or use lower time frame to reduce risk range. “May” see break out or down on bar #21(fib time). TV targets appear to use a 1 to 1 moves so I have included the cup and handle 61% bullish breakout measurement. The two cup rim swing highs are divergent which can at times show bias. Sentiment 1.37/1 Buyers to sellers.
Best wishes and Happy Trading!
GOLD Analysis: Huge Cup and Handle on the monthly chartGold painted a huge cup and handle pattern on the monthly chart which makes it super bullish for the long term with the target of $3,200. But for the short term, I expect a correction to $2,100 before the main rally to make new highs.
BTC cup and handle (Weekly chart)The Cup and Handle is a popular technical analysis chart pattern that has been used by traders for many years. It consists of two distinct parts: the Cup, which resembles a U-shape in price action, and the Handle, which is generally a horizontal line drifting downward. This pattern can be an indication of an increase in price once it’s complete and provides opportunities for profitable trades. In order to successfully trade on this chart pattern, it’s important to understand how to identify it correctly, set entry points, manage risk with stop losses, and determine exit points with target prices. With these guidelines in mind, trading on the Cup and Handle Pattern can have many benefits for experienced traders looking to capitalize on potential profits.
