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Cup And Handle

RSCH - CUP WITH HANDLEI bought the stock today August 16, 2024 Reasons: 1. Low-risk entry point 2. Confirmed stage 2 uptrend 3. Has formed a classic cup with a nice drifting handle 4. Strong prior moves before it gone through its base formation 5. High relative strength 6. Hand in hand with the indexes making its new highs 7. More stocks start to setup constructively Flaws: The market is still very vulnerable to go through another corrections I'm still waiting for some traction in the market before I start trading aggressive. Hence, I like to see some follow through action from now.
RLong
by rifqonr
BTC - Looks extremely Bullish/Breakout Coming?BTC has been consolidating for months since setting new highs. Massive cup and handle on the weekly and a textbook bull flag in n the daily. Watching the channel on the 1hr and 4hr charts to await a break of the channel the flag is currently in. Candles from 15 minutes up start closing above $63500 I’ll be looking for a breakout to test $65000 and then ATH before a larger run up. BTC can move fast and dump just as fast, so I will use MARA, BITO, or MSTR call options for the breakout if it happens.
Long
by Twelve_29_Options
$BTC - Hourly C&H | Enough to break through $65k?I’ve spotted a classic Cup and Handle (C&H) pattern on the hourly chart, and it looks like it could be a promising setup for a long position if we are indeed gearing up to challenge FWB:65K again. Trade Idea: Entry Point: Look for a breakout above the handle’s resistance level. This confirms the pattern and signals a potential upward move. Target: Aim for a 3% gain from the breakout point. This target is based on the typical price movement following a C&H breakout. Doing incremental TPs at the Fibs make sense as well Risk Management: Place a stop loss just below the handle’s low to manage risk effectively & always ensure your position size aligns with your risk tolerance. Who is bullish? Nfa dyor yakwtfgo
BITSTAMP:BTCUSDLong
by httpz
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.
Long
by FxWirePro
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.
BITSTAMP:BTCUSDLong
by Hakimi1260