$PLTR - Bullish Cup and Handle Pattern on the Weekly ChartNYSE:PLTR Hello everyone! I've been analyzing the weekly chart and noticed a bullish cup and handle pattern that I think is worth sharing with you. This pattern suggests a potential price target of $130 for next year if it follows through as expected. I find this pattern quite interesting and will keep a close eye on it for potential trading opportunities.
Cup And Handle
Backtest before blastoffRecent PA is nothing more than a backtest of the handle breakout of the aforementioned massive C&H pattern unfolding on BITSTAMP:BTCUSD mentioned here
Follow for updates as we watch this play out
$JASMY Formed a Cup and HandleIn the 1 hour chart we can see that JASMY has formed a good looking cup and handle pattern. With the rate cuts that is on the news a breakout is possible. LONG position would be profitable.
Break out soon in MCX CopperVolatility compression seen in MCX Copper. Also we can see the Inverted Head and Shoulders pattern and price trying to break the Flag. Once the flag break out happens successfully, then there can be a big rally in MCX Copper.
AAPL breakoutCheat breakout from cup and handle. Enter if breaking out above $228. Stop-loss at $223.5 and take-profit at $237.5.
BULLISH on BitcoinBTC is in the handle phase of a Cup and Handle pattern on the daily and weekly timeframe, so the higher timeframe is in confluence. A push above 70k on volume could signal the measured move of 46-48000 points to the upside. This is calculated from the bottoming support area of roughly 16k to the top of the handle which is around 64-70k. Best of Luck!
GOLD (XAUUSD): Strong Bullish Signal During the Asian Session
Gold retested a recently broken daily structure resistance that was based
on a previous all-time high yesterday.
During the Asian session today, the price formed a strong intraday bullish confirmation.
Retesting the underlined blue area the price formed a cup & handle pattern
and violated its neckline.
Now we see a nice bullish movement.
It may continue at least till Powell speech later on today.
I did not manage to trade this setup because I was sleeping when it was formed.
But it is a perfect example of a confirmation trading that I teach you and I hope
that those who trade the Asian session managed to recognize this signal.
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CBRE BreakoutBreakout from cup and handle pattern at $113. Stop-loss at $110 and take-profit at $118.
XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%.
To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target.
The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1.
However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections.
I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic.
Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
AAON breakoutWeekly breakout from cup and handle pattern. Target at $115. Standard stop-loss below the handle at $79, or a more conservative one below the current candle at $88.
$SMCI cup and handle developing on dailyNASDAQ:SMCI daily cup and handle developing on the daily chart. We're currently in the "flag" part. If broken, we should test the gap entry ~637. A break into the gap and a +40pt move to 660 and the 200 daily moving average at 680 is likely.
NASDAQ:NVDA earnings next week should affect this idea.
NZDCAD: Very Bullish Setup 🇳🇿🇨🇦
NZDCAD formed a cup and handle pattern
after a test of recently broken horizontal structure resistance.
I think that the price may bounce at least to 0.838 level.
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BERGERPAINT, Cup and HandlePotential breakout from the cup and handle,
Target at 640, Stoploss at 515
Disclaimer : I am a aspiring swing trader, i have only started to learn to catch the pattern. So, please take this only as a idea
GOLD (XAUUSD): Signals Of Slowing Momentum?!Analyzing the 4-hour time frame, there are indications that the bullish momentum is slowing down. Following a strong upward movement earlier in the week, the price is now slowing down within a rising wedge pattern.
The price reached 2531 before stabilizing and forming a cup and handle pattern on the hourly chart. Today, there is some retracement in the market.
The release of the FOMC meeting minutes could have a negative impact on the market. A break below the support of the wedge and the neckline of the chart pattern could confirm a correctional phase.
However, I do not advise selling at this point as it is too risky.
Cup and Handle for Igarashi?Looks like a cup and handle pattern for Igarashi motors.
Would you buy it? Why or Why not?
A LONG TRADE ON SOL/USDT WITH CONTINUATION PATTERN.There is a clear continuation pattern( CUP & HANDEL ) forming on SOL/USDT on 1HOUR TF. We will trade according to trade plan.
Entry: 147.49
SL: 140.03
TP: 159.42
SOLANA Possible to form Cup And Handle patternSOLANA being sideways for several months, but overall trend still strong bullish momentum for longterm right now. Nowadays they have chance to form " Cup and Handle " pattern to bring price to higher target price at 1.272 and 1.618 fibonacci extension.
BTC\USD Cup and handle and a bullish flag PatternBITSTAMP:BTCUSD
Hi everyone! It's been a while since I analyzed charts, so please take my observations with caution.
This morning, while looking at the daily chart, I noticed a potential cup and handle pattern along with a bullish flag. I'd love to hear your thoughts in the comments! I think the cup and handle is particularly intriguing because it typically signals a bullish continuation, especially if the breakout occurs above the resistance level. The fact that it’s forming alongside a bullish flag could indicate strong buying momentum as well.
I’m curious if anyone else is seeing similar patterns or has insights on this setup. Let's discuss!
NVDA Earnings PlayIt seems like NVDA has finally broken out of a long-falling wedge. The current price is approaching high sell-side liquidity, so I'm assuming a small retest to 110. By then, the buying pressure behind earnings should kick in, and we should be seeing NVDA hit 140 again.
GHCL potential breakout - One year big base.
- Rounding bottom pattern.
- Consolidating in tight range.
- Near base high.
- Strong prior buying force.
- Low risk entry.
- Can lead to the start of a strong uptrend as it is coming out of a big base.
SWING IDEA - VENUSREMNSE:VENUSREM seems to be freshly coming out of the Cup and Handle Pattern. Co-incidentally, its is also at a Support/Resistance Level of 404.
It can also be noticed that there was a Convergence Divergence at the MACD Crossover a couple of years ago. After which, we see a another good MACD crossover happening at a crucial level, where the Cup & Handle Pattern also completes, exactly near the Support/Resistance zone.
If all is well, this Setup can play well at least until the next Swing High Level.
