Get started

Cup And Handle

Patanjali ready to FLY !!!!Hello All, I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits. Sorry, I was banned by the moderators for not following the house rules ... But here I am back again :-) Patanjali ready to FLY ... Forming Cup and Handle have charted down Patanjali Movement .... If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading. Gautam Khanna Technical Analyst by Passion :-)
NSE:PATANJALILong
by GautamKhanna
CUP & HANDLE William J. 0’Neil developed and popularized in the 1980s the Cup and Handle pattern. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup" formation and before a clear breakout to the upside. Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the 'Handle' structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth. Entrie When the pattern breaks out above the rim of the cup, a long trade is entered above the high of the breakout bar. Targets: 62-79%, 127-162% Cup height Stop A stop should be placed below the middle of the handle level.
BITSTAMP:BTCUSDLong
by TradeChartPatternsLikeThePros
7
GOLD → Strong dollar influences further decline in gold OANDA:XAUUSD , following my expectation, on the background of Friday's NFP falls and reaches the target. The price is testing the level of 2000, but in my opinion, this target will not end this week. From December 11 to December 15 we are expecting a rather active week, fundamentally. On Friday we got a rather strong NPF for the dollar, which made gold fall from the zone I mentioned. The fundamental potential is not over, it will continue to influence the pricing in the medium term. It is also worth paying attention to the dollar. On the weekly timeframe we see the formation of a pinbar and a bullish candlestick, which overlaps the last two, which is a strong enough sign of further strengthening. Accordingly, gold and the forex market may react accordingly. Gold is currently testing the support area of the bearish channel. The important zone for us is 2007 - 2009. It is possible to form a retest, an impulse to 2010-2015 , or a false breakdown. Further consolidation of the price below this level will form a bearish potential, which will continue to pressure the price. The market is directed to the mentioned zones of interest and liquidity ( 1990, 1984, 1965, 1955 ) in the medium term. Fundamentally, the market has stopped paying attention to the nuances in the Middle East or Eastern Europe. Now everyone is waiting for some new information from Powell related to monetary policy, namely interest rates. But, more data on Initial Jobless Claims and NFP may make the Fed chief hesitant. Also, on the weekly timeframe, I found the " Cup with handle " pattern forming interesting. It is clear that within such a period it is impossible to determine the exact place of the breakout or the point of safe entry into the market, but the tendency to the fact that the extreme phase of the expected pattern is forming is already pleasing. Most likely, in the medium and long term, the price will continue to test the resistance 2070-2100 for a breakout and the formation of a new range, but not in the near future. OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
19
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50 A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout. Resistance levels: 0.3807, 0.3850 Support levels: 0.3529, 0.3490 I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle" CRYPTOCAP:TOTAL COINBASE:BTCUSD Regards R. Linda!
Long
by RLinda
7
GALA Games' Festive Surge: GALAUSDT LONGMy TA suggests KUCOIN:GALAUSDT , is presently breaking out for a potentially massive festive rally as we head towards Christmas. This bullish outlook stems from the formation of two solid patterns that I have been seeing often in the Crypto markets and which have almost always preceded upward price movements. First, a cup and handle formation, with the cup fully printed on the daily time frame: This cup has been forming over half a dozen months showing diligent accumulation by market participants. The second pattern which we can see is a falling wedge pattern which is on the 30-minute time frame and may prove to make up part of the cup's handle. We can see in the above chart snapshot how the price broke out of the falling wedge pattern to the upside and quickly retested the most recent demand zone for what seems to be the last time. At the time of publishing, an aggressive entry which would have been between 0.02923 and 0.02965 is already behind us. A more relaxed entry, can still be taken at current price 0.0343 with an initial profit target as shown below. This Festive Surge comes just as the Crypto market leader BINANCE:BTCUSD yesterday successfully broke and managed to close the day above $44k to put BTC's gains at over 160% year to date! Thanks for dropping by, hope you enjoyed this. I would love to hear your thoughts on this in the comments below. Happy Trading!
Long
by theblueinvestor
1
ZIP BNPL - cup and handle forming 12-week cup with handle pattern forming (to be confirmed) 37% deep cup from prior high 15% handle length (reaching proper depth already) estimated target +16.5 from handle breakout (base 25.5 to right top of cup 42.0) I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
ASX:ZIP
by LilyLe7
3