TUPRS - 6 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Cup And Handle
Entrepreneurial SpiritIs this stock going to go up to Complete the other Leg of the 'W'? Pretty low risk Trade, imho. Let's make some greenbacks guys!!
Buy NMDCBuy above first yellow line and target is mentioned !!!
All these are intraday trades, SL 201
Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
BPCL Sell on rise!!!Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Nifty !!! Cup and Handle !!!Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
USD/JPY DAILY CHARTFun fact about me, Forex was my first introduction into the market back in 2020. Now a lot has changed for me in the past 4yrs. I have learned so much about trading and investing, it's truly been a journey. Now I no longer trade FX but I do still look at the FX market for information. Is it just me, or does this pattern look really familiar? IDK
SOL Elliot Impulse Wave SOL has been continuing its rally since February 7, 2024. At the moment, I think it has completed the 1st wave of the Elliot Wave impulse wave and started the 3rd wave. As of today, I opened my long position and I think it will rally to a minimum of $ 3.
If it falls below $1.90, I will close my long position. I plan to close part of my long position around $3. For my remaining long position, I will decide according to the movement in those prices.
Emeren anticipates net income of approximately $26 million for the fiscal year 2024.
The company has also done a lot of share buybacks recently. Looking at the fundamental analysis of the company, I think that it is currently priced very low on the stock exchange.
Atlas (ATLAS) Chart Analysis: Observing a Cup and Handle PatternThe ATLAS/USD weekly chart exhibits a pattern resembling a cup and handle. If confirmed, technical analysis suggests a possible price target in the range of $0.05-$0.10. This potential price increase coincides with the growing interest in gaming-related crypto projects within the cryptocurrency space. Some analysts believe that after the surge in meme coins, the gaming sector might be the next area for significant gains.
AMZN's Cup and Handle forecasts bullish continuation LONGMZN on a daily chart is in the continuation phase of a cup and handle patter which started In
August 2022. Of the Magnificent 7, it has performed better than the rest with the exception of
NVDA. The cup and handle pattern suggests continuation to the price level of $ 200 which is
similar to the all-time high with 5- 8% added for inflation ( July and November 2021 in the
range of 187 ). On the reliability of a cup and handle pattern and that of a daily chart
compared with a lower time frame I will take long positions in AMZN in both AMZU EFT shares
and long dated call options for AMZN more or less ITM at $ 175.
CHFJPY, Looking for a Breakout! BOJ releasing the the interest rates decision on March 19. The CHF Futures (6S) prices are in a trading range, and by other side the JPY Futures (6J) making a gap Thu to Fri. This chart show a huge probability of a short position for the pair, after confirmation of a breakout.
MYRIA - Elliott Wave AnalysisIn the first rally we can count 5 Waves up (white 1) followed by a retracement into the typical Wave 2 support (white 2) between the 0.786 (at ~0.0048) and 0.5 (at ~0.0098) Fibonacci retracement where we got a bounce from (green 1).
We assume the latest bounce was the 1st Wave (green 1) of the 3rd larger Wave (white 3) and we are currently testing the Wave 2 support which is shown in the chart.
Now we expect the 3rd Wave rally (green 3) of the larger 3rd Wave (white 3) to come.
The first target of the green 3rd Wave is ~0.23 - 0.24 which is also the 1 to 1 target of the white 3rd Wave. Duo it being an "altcoin" it is possible to get an extended Wave 3 with shallow retracements along the way due the bullish market sentiment at the moment.
Additionally it is possible to draw a cup and handle pattern where the decline of the past days is the handle in form of a downtrading channel. Here you would be looking for a break and retest of the channel.
A sustained drop below 0.0082 decreases the probabilities of the imminent bullish set up and indicates a potential reset of the white Wave 2.
NO FINANCIAL ADVICE.