Cup And Handle
Crypto market cup and handleThis massive cup and handle is similar to my Total3 chart, although this chart includes BTC and ETC. This more bullish chart has a projection to 4.3 Trillion dollars. I fully expect a raging pump over the next few months leading into elections. The upward pointing weekly stochastic RSI is optimistic, alongside riding the EMAs. A massive pivot in volume is also noted.
-BTC new all-time-highs within two weeks
-ETH projections towards 6500 in the coming months
-My favorite alts I start to take profits since they run massively on ETH ETF approval
MAXN a cup and handle patternWell I do not look at those formations in general. My focus is the Alpha candle 6 days ago. The very next day stock closed below the stop loss point. Today it is going up right from that stop loss area, and volume is coming in. Stop loss @2.45, adjust your position size accordingly. Currently @ 3.40
RVNL Rounding Bottom FormationStock Analysis
RVNL is showing an interesting chart pattern with a rounding bottom formation.
There is a spike in volume, indicating strong buying interest.
The stock is getting ready to break out and reach new levels.
Trading Strategy
Target Placement: Follow the target level mentioned on the chart.
Stop Loss: Set your stop loss as per the indicated level on the chart.
Watch for the breakout and trade wisely!
CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things.
Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis!
Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase.
Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620.
But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further.
Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Awaiting BO of Cup with Handle in $NSE:TCSNSE:TCS
Pattern details:
Up-trend before forming a Cup with a handle pattern
Cup with ~31% correction and length of cup 113 bars (791 days)
Handle length is 9 bars (64 days) and ~7.5% correction.
Manage to take support at 30 weeks EMA
Bullish RSI divergence at the bottom of the cup
Fundamental Notes:
Operating margin for the latest quarter was 26% (the highest in the last 12 quarters) and for FY 2024 - 24.6%
Net Profit QoQ 12,502 Cr. (Mar 24) vs 11,097 Cr. (Dec 23)
EPS Profit QoQ 34.37 (Mar 24) vs 30.56(Dec 23)
Net Profit YoY 46,099 Cr. (FY ending Mar 24) vs 42,303 Cr. (FY ending Mar 23)
EPS Profit YoY 115.19 (FY ending Mar 24) vs 126.88(FY ending Mar 24)
P/E: 29.9
ROCE: 64.3 %
ROE: 51.5 %
ROA: 32.5 %
PEG Ratio: 3.64
PS: Awaiting BO of Cup with handle pattern
Disc - invested, for educational purposes only
$BTC to ~$275k | Cup & HandleWhile I was looking back at / patting myself on the back for this positively identified large-scale Cup-and-Handle pattern on CRYPTOCAP:BTC that I called out in Feb '24 I couldn't help but notice another one, on an even larger time scale .
I don't make the rules: CRYPTOCAP:BTC to $275k. Not today, not tomorrow or next week, but by the end of the cycle- I would be shocked if this doesn't play out.
With M2 already starting to make a run back to the upside and rate cuts seemingly just around the corner, JPOW seeming dovish, election szn, the list goes on...
Things could get wild very soon. IMO-- job's not done, hold on tight!
ADA/USD massive cup and handle, new ATHCardano's C&H has been forming since 2017 and is very reminiscent of that of silver (albeit ADA on much shorter timeframe).
Its handle, a parallel channel inside of an arc, just broke to the upside and as long as it stays within the handle arc, it's game on.
Target zones illustrated in the chart indicate that we should reach new ATH of about $6, or possibly $15-20.
As outlandish as it may seem, follow the arc and as long as we're in it or target zones reached, we're long.
We're also above a thick volume defined zone.
Bond Market Hints Towards a Second Wave of Shorts to hit the JPYLate last year the Spread of the US/JP Carry Trade hit the PCZ of a Bearish Shark resulting in it pulling back to the 50% Retrace, this came ahead of Bearish Action in the stock market and strength in the JPY. However, the bounce at the 50% retrace indicates that it could turn into a Bullish 5-0 which would result in higher highs. In addition to that, the leverage ratio on the trade has been forming what looks to be a nice looking Cup with Handle pattern, which if it plays out would bring the leverage ratios up from 500% to well over 800%. This would likely align with higher highs in the SPX, Higher Inflation Rates, Higher Commodity, Import/Export Costs, and a continuation of the falling Japanese Yen.
I will leave the chart of last year's Carry Spread Chart Post below for reference.
Multi-decade SLV Cup-and-HandleIf silver breaks above its previous highs against the dollar, it could trigger a surge in investor interest, pushing prices even higher.
If the WSB / NYSE:GME / NYSE:AMC deigns realize how much open short interest is on Silver, we could see a massive run to new ATHs for Silver per Oz. Pay attention to Derivatives like AMEX:AGQ , which touched close to $800 last time Silver was up at ~$48/oz in 2011. Be ready for fireworks if these shorts begin to feel a squeeze.
3rd try at breaking through long-term resistanceGold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the previous all-time high). After a recent shakeout and false breakdown from the handle pattern, it looks like it wants to test the all-time high again and this time there's a major catalyst (flight to safety due to all the uncertainty recently with the banks and the potential for yet another financial crisis). Due to that, I don't think you need to wait for a breakout of the all-time highs around $195 in GLD but that would be a safer entry (a monthly close above that level). Of course another shakeout from that level could follow because if I have picked up on this potential trade, then many others likely have also. Anyway, I am just speculating and not a financial advisor, if you decide to follow this please trade at your own risk and diversify (this trade won't break the bank for me personally if it doesn't work out and it shouldn't for you either).
XLMUSD: Sitting Just Below The All-Time 0.886 RetraceXLM is trading just below the all-time Linear-Scale 0.886 Fibonacci Retrace after Bullishly breaking out of a Falling Wedge in what seems to be a part of a much bigger Cup with Handle pattern that can be seen in the Log Scale chart. If the Full Logarithmic Target is reached we will see XLM make a move towards $23.35 in the near future which aligns with both the measured move of the Cup with Handle and the 1.618-1.902 Fibonacci Extension Zone.
Get $HIGHHi guys! 👋🏻
🔔 Highstreet has been recovering after a slide to its historic lows. The metaverse has recovered after several notable partnerships and looks to continue its progress in partnering with Web2 corporations.
🔔 RSI, MACD and this rising wedge signal an upcoming slide towards the next support at $3.8 - $3.5. Watch these levels closely.
🔔 The cup is there, waiting for the handle to be formed. When the pattern is completed, the next resistance will be at $7.8.
✊🏻 Good luck with your trades! ✊🏻
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