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Cup And Handle

AVGOPrice is consolidating in the form of symmetrical triangle for the past 2 days after a good trend line break out. 150 will be the trend deciding zone. Higher time frame shows rounding bottom is forming. Lower time frame pattern is neutral. Buy above 155.5 with the stop loss of 154 for the targets 157, 159 and 161. Sell below 152.5 with the stop loss of 154 for the targets 151, 149 and 147. 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.
NASDAQ:AVGO
by vanathi
2
Bitcoin vs Gold Cup & HandleBitcoin weekly chart vs gold monthly chart, cup and handle edition. Gold broke out of it's handle this year, waiting to see if Bitcoin does the same as the fundamentals continue to strengthen. As of the Bitcoin Conference this past week we now have legislation announced that would create a strategic Bitcoin reserve here in the US, and Trump and Kennedy vowing to hold Bitcoin as a reserve asset if elected and end the current government policy of selling seized Bitcoin. Harris is also switching to pro-crypto after the Biden administration has been actively anti-crypto during this term. Keep buying Bitcoin.
Editors' picks
COMEX:GC1!Long
by PrepForProfit
27
TSLA weekly chart shows confluence.NASDAQ:TSLA weekly chart shows that it is coming into key demand areas around $205 to $215. The weekly chart shows a Wyckoff accumulation phase since the 2021 all-time high at $414.50, with a spring during Phase C at the recent lows below $140. This corresponds to the bottom of the cup, with Phase D of accumulation corresponding to the handle. A close over the weekly 200 SMA, currently at $232, will give room to the weekly 150 SMA supply. Reclaiming these weekly supply zones may lead to a break of the weekly handle, and a push up to the final weekly supply zones of the weekly upper Bollinger Band and upper weekly 100 linear regression channel ahead of $300 during Phase E, which may start at the end of this year or into next year. The trade is invalidated below the weekly 20 SMA, which is currently at $187.
NASDAQ:TSLALong
by DMT_Doctor
4
IDEA:CUP AND HANDLE FORMATIONThe NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy: 1. Cup Formation: The stock has undergone a rounded bottom, creating the "cup" part of the pattern. The left side of the cup was formed due to a decline in price, reaching a bottom before rising back up to the original level. This cup formation indicates a period of consolidation and accumulation, where buyers are gradually gaining control. 2. Handle Formation: Following the completion of the cup, the stock entered a small consolidation phase, forming the "handle." The handle typically slopes downward or moves sideways, showing a slight pullback. This pullback is generally short-term and should not exceed more than one-third of the cup's depth. 3. Breakout Point: The ideal entry point for traders is the breakout above the handle's resistance level. Traders should look for a significant increase in volume during the breakout to confirm the move. Target: The target price can be determined by measuring the depth of the cup and adding it to the breakout point. Target Price Calculation: Target Price: 25 Stop Loss: Place the stop loss below the lowest point of the handle to protect against a false breakout. Stop Loss Price: 15. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
NSE:IDEALong
by VanshikaUdeshi
1