Cup And Handle
EURUSD- Cup and handle pattern ( buy on dips) plss dont miss itPattern formed- Cup and Handle pattern
EURUSD surged sharply after a long consolidation. It hits a high of of 1.11987 at the time of writing and is currently trading around 1.11888.
The pair trades above short-term (34 and 55 EMA) in 4-hour chart. Major resistance to watch- 1.1200. Any violation above 1.1200 targets 1.1280/1.1300.
Major support- 1.1178/1.1120/1.1060/1.09880.
Indicators ( 4- hour chart)
Directional movement index -Bullish
CCI (50)- Bullish
CCI(14)- Bullish
It is good to buy on dips around 1.11870-880 with SL around 1.140 for a TP of 1.1278.
IQ is about to form an Adam&Eve formationI can see two different senarios for IQ price action.
If the resistence area of this formation breakes by price in this week, price should follow the path that I drew with white arrows.
If the price lost its momentum, it might need to visit daily orderblock down below. In this case I believe the price should follow the Red Arrow I drew on the chart.
Closing below 0,005450 in daily time frame will violate the analysis.
Good luck.
Weekly Cup and Handle Targeting 124kJust noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx.
Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly.
Here's what that looks like on the linear chart, chart above is log:
Good luck!
BTCUSD: Confluence of 3 Bullish Patterns As seen in the chart, we have both a cup pattern and a beautiful flag pattern simultaneously within a large ascending channel. The price has not yet broken the flag pattern, so we do not have confirmation to enter a buy trade. However, the presence of multiple bullish patterns at the same time increases the likelihood of an upward move. If the flag pattern breaks, a buy trade can be initiated. The shared target for all three patterns is the $110,000 range.
Palantir (PLTR) – Correction Time?Palantir ( NYSE:PLTR ) is completing a cup-and-handle pattern and is now pushing toward its all-time high of $45. However, with the RSI running hot and the 150-day moving average well below current levels, the stock looks overextended . Historically, Palantir tends to see a pullback before earnings, which could present an opportunity for a better entry point .
A gap has formed below, and I expect a potential pullback to the newly created support zone at $29.50 .
I believe Palantir is a strong long-term hold, but I'll be watching closely for a correction to enter around $29.51-$31.80.
Do you think Palantir will continue its run to the all-time high, or will the pullback before earnings provide a better entry? How do you see the gap closure playing into the stock's momentum?
Honestly, I don't feel like explaining, the chart says it all !!SOLUSDT is in the ascending phase by the cup and handle.
SOL is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
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The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
PayPal (PYPL) – Cup-and-Handle Setup looks very BULLISHPayPal is showing a well-formed cup-and-handle pattern, with a currently consolidating handle. The stock is moving within an ascending channel, which helps project a path to the bullish target of $92.40 .
However , this is an early-stage breakout setup and carries some risk .
If the price breaks below the lower boundary of the ascending channel (currently around $72), it could invalidate the pattern.
With the 150-day moving average far below and the RSI in overbought territory, any failure to hold support would suggest an overextended stock .
On the upside, volume is increasing, and the market's current bullish trend gives PayPal a solid chance at breaking through the $74 resistance and heading toward the target.
With pre-market price of ~$74 PayPal looks ready to test the $74 resistance.
However, keep an eye on $72 support level for risk management, and wait for volume for breakout confirmation.
Do you think PayPal can sustain this momentum, or is the stock too stretched for a breakout?
ES, SPX - Santa Rally could trigger Cup & Handle patternA strong end to Q4
Window dressing by fund managers who were underweight equities
would trigger a cup handle pattern
breaking the trendline of the pattern is around 4600 on the #ES
I could also make an argument for HVF pattern we have a high 3 in place
A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.
AUTOIND - BUY BEFORE BREAKOUT -LOW CHEAT ENTRY
1. Technical Setup
Cup and Handle Pattern: The stock has formed a well-defined cup and handle pattern. This is a bullish continuation pattern and typically indicates that the stock is gearing up for a breakout to the upside. The resistance level to watch is around ₹154–₹155.
VCP Pattern (Volatility Contraction Pattern) : Simultaneously, the stock is showing a classic VCP setup, characterized by a series of contractions with decreasing volatility, signaling that supply is being absorbed, and demand may be increasing. The price action is tightening as it approaches the key resistance zone.
2. Volume Analysis
Shrinking Volume: During the pullbacks in the VCP pattern, we can see shrinking volume, which is a key characteristic of a potential breakout. This signals that sellers are fewer, and buyers could soon take control.
Breakout Volume: A strong breakout needs to be accompanied by a noticeable increase in volume to confirm the move. If this happens, it could lead to a significant upward rally.
3. Resistance and Breakout Levels
The stock faces a key resistance around ₹154–₹155 . If it breaks above this level, confirmed by strong volume, it could signal a successful breakout of both the cup and handle and VCP patterns, leading to further upward momentum.
4. Low Cheat Entry Strategy
You can enter early (before the breakout) using a low cheat entry around ₹140–₹145. This allows you to enter the trade at a better price with a tighter stop-loss, reducing your risk while potentially capturing a larger portion of the breakout.
Stop-loss: If you opt for a low cheat entry, place a stop-loss around ₹135, just below the last contraction or the handle. This provides a relatively tight risk to reward ratio.
5. Target Price
First Target: ₹154–₹155, the immediate resistance level. If you enter early with a low cheat entry, you may consider taking partial profits at this level.
Breakout Target: Based on the pattern's depth and the measured move from the cup, the target after a successful breakout could be in the ₹180–₹190 range.
6. Risk Management
Stop-Loss : Whether you enter at the breakout or use the low cheat entry, a stop-loss around ₹135 would limit downside risk.
Position Sizing: As you're planning a low cheat entry, consider taking a smaller initial position to reduce risk, and possibly adding more once the breakout is confirmed.
7. Market Sentiment and Overall Trend
The stock appears to be in an uptrend, trading above the moving averages, and has been consolidating for a while, indicating accumulation.
The market sentiment is also a factor—if the overall market is bullish, it increases the chances of a successful breakout.
Conclusion
Bullish Bias: Both the cup and handle and the VCP pattern suggest a potential bullish breakout. The stock is well-positioned for an upward move if it breaks the ₹154–₹155 resistance level with strong volume.
Low Cheat Opportunity: A low cheat entry around ₹140–₹145 offers a chance to enter early with a tighter stop-loss, increasing the risk-to-reward potential.
Targets: The short-term target is around ₹154–₹155, with a breakout target ranging from ₹180–₹190.
This stock looks promising for a bullish trade, especially if the market conditions align with the breakout. Keep a close watch on the price action around key levels, and ensure proper risk management with stop-losses.
SWING IDEA - PRISM JOHNSONPrism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside movement.
Support at Crucial Zone of 150-160 : The stock is taking strong support around the 150-160 zone, a critical area that has previously acted as a strong support level.
Bullish Engulfing on Weekly Timeframe : A bullish engulfing candle on the weekly chart adds to the bullish sentiment, signaling a strong reversal from the support zone.
Double Bottom Pattern on Weekly : The formation of a double bottom pattern on the weekly timeframe further strengthens the bullish case, indicating a potential reversal from a major support area.
50 EMA Support on Weekly Timeframe : The stock is currently supported by the 50 EMA on the weekly chart, indicating that the long-term trend is intact.
Target - 199 // 220 // 250
Stoploss - weekly close below 142
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Bullish Cup and Handle Pattern with Strong Momentum IndicatorsThis technical study relies on weekly timeframe observations, highlighting key technical patterns and volume dynamics that suggest a bullish outlook. As of today’s date (9:26pmAST), the 24-hour long volume stands at $28.59B, underscoring significant long interest in the market. With precise data from the weekly chart, the confluence of multiple bullish indicators suggests the potential for a retest or breakout beyond the all-time high.
Analysis:
Cup and Handle Formation : The first significant observation is the development of a classic Cup and Handle pattern, widely regarded as a bullish continuation pattern. This pattern, forming over a prolonged period, indicates a consolidation phase followed by potential upward momentum. The handle represents a minor retracement, which often precedes a breakout to the upside.
Parallel Channel and Key Levels : Starting from the previous peak at 73,777, a parallel channel has been drawn down to the recent bottom at 52,550. This channel defines the current price action, showing a well-respected range within which the price has oscillated. The recent price action has been bouncing within the lower bounds of this channel, signaling that the market may be gearing up for a decisive move. The current trajectory suggests that if momentum continues, we could see a breakout of this channel, potentially pushing the price back toward the all-time high.
EMA Support and Price Action : Another critical factor is the price's bounce off the 50-day Exponential Moving Average (EMA), which serves as a key support level. Historically, the 50-day EMA is a strong indicator of trend direction, and the recent bounce suggests renewed buying pressure. This move reinforces the bullish outlook and could indicate a sustained push toward breaking or retesting the all-time high.
With the formation of the Cup and Handle pattern, the support from the 50-day EMA, and the market respecting the parallel channel, all signals point to a potential bullish breakout. The current long volume of $28.59B adds further confirmation of buying interest, aligning with the technical patterns that favor upside potential.
PULSECHAIN can continue it's recovery...The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself
So as this chart produces Green candles.
PLS is earning you more Ethereum
and Red candles mean you are losing ETH value.
For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD.
We have a clear bottom formation yet to truly break out.
But almost there.
As we have seen with other blockchains due to liquidity bonding.
When the Native gas token goes up... the smaller altcoins on the chain start really flying
SILVER - Macro and Micro Outlook for 2024/2025I think we are seeing a new run in Silver about to happen on higher timeframes to be honest and I intend to be long on this when the opportunities arise. We should see next level up at $35. It has been chilling sideways for the better part of about 3.5 years I think? What a good consolidation period honestly.
Intraday - Im liking the PA we got so far in Aug/Sept and I think we can find some bullishness into Q4 and ride that. If it turns it turns, dont hang onto a dead trade obviously but the odds are in favor of upside
INVALIDATION -Breakdown below anything significant will be my invalidation and we will shelf this for another decade lmao