Get started

Cupandhandlebreakout

TSLA Cup & Handle Bullish ContinuationTSLA as shown on the 60 minute chart has been in a cup and handle since the last earnings report. Trading volumes increased then and the print is a gradual downtrend reversed to a gradual uptrend then the handle formation and finally the breakout above the lip of the cup. TSLA and Ford this week announced collaboration on a charging network primarily with Ford customers getting use on existing TSLA stations and both companies expanding the network. Perhaps this mutually benefits both companies. China holding interest rates and perhaps lowering them more easily allows financing of new Telsas in TSLA's biggest market. Based on the technicals about the cup and handle and the height of the cup. the pattern which has good reliability predicts bullish continuation of $40 upside. In consideration of this I will take a trade of an additional 2 contracts ( strike $180 Exp mid November).
NASDAQ:TSLA
by AwesomeAvani
This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products. • World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space with units in ~10 countries. Key Financials: • Total Revenue for latest quarter increased ~13% YoY • Net Profit for latest quarter increased by >73% YoY • TTM Net Profit margin increased from ~5% to ~8% Red Flag Check: • Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging • Debt:Equity ratio is <0.5 with ~5x interest coverage • Stock is not under any exchange surveillance lists Key Technicals: • Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes • Stock has broken out of a cup-and-handle formation • Stock is showing higher relative strength compared to benchmark index Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:EPLLong
by PratikThakkarCO
This auto components company is in the breakout zone!The company has over 6 decades of experience in auto components manufacturing • Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments • Also supplies to Major EV OEM’s globally • Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses Key Financials: • Total Revenue for latest quarter increased ~18% YoY • Net Profit for latest quarter increased by >34% YoY • TTM Net Profit margin increased from ~16% to ~17% Red Flag Check: • Promoter holding is decent at almost ~58% • Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x • Stock is not in any of the exchange surveillance lists Key Technicals: • Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes • Strong relative strength compared to benchmark index • Price is nearing its all-time high zone Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:TALBROAUTOLong
by PratikThakkarCO
Cup and Handle Breakout by 2025?: Bitcoin, Gold and Silver ReadyThrough meticulous analysis, the three charts displayed side by side present a captivating comparison between silver ( TVC:SILVER XAGUSD), gold ( TVC:GOLD XAUUSD), and Bitcoin ( BNC:BLX BTCUSD). Spanning from the 1970s to the present day, these charts provide a comprehensive view of the remarkable journeys undertaken by these assets. The first two charts depict the price movements of silver and gold over the course of five decades, while the third chart illustrates the relatively short but remarkable trajectory of Bitcoin since its inception in 2010. What immediately catches the eye is the astonishing pace at which Bitcoin has achieved in just 13 years, what took silver and gold a staggering 53 years to accomplish. However, the most striking aspect that commands attention is the unmistakable presence of a colossal "cup and handle" pattern, poised to complete its formation within the next two to four years. This pattern has been dissected into five distinct phases, revealing intriguing similarities across all three commodities. 1/ The initial phase witnessed a rapid surge in prices for all three assets, setting the stage for what was to come. 2/This was followed by a minor correction before another sharp increase in price. 3/ Subsequently, a prolonged period of slow and gradual correction ensued, testing the patience of investors. 4/ However, this was eventually followed by a steady bull phase, characterized by sustained upward momentum. 5/ As the cycle neared completion, another corrective phase emerged, followed by a steady rise once again. (Note: This phase is marked by a smaller cup and handle forming within the larger cup and handle, with completion at around the same time). The question that naturally arises is: what lies ahead? Will there be a breakout to the upside after the completion of the cup and handle formation, expected to materialize within the next two to three years? The simultaneous indication of such a breakout across all three commodities is undeniably intriguing and warrants further exploration. Furthermore, as we examine the intriguing cup and handle formations across silver, gold, and Bitcoin, it is crucial to take into account the profound shifts occurring in the global economic landscape. The traditional dominance of the petrodollar is facing significant challenges, with emerging trends indicating a potential end to its reign. BRICS nations, for instance, are increasingly engaging in domestic currency transactions, bypassing the need for the U.S. dollar as a medium of exchange. The advent of Central Bank Digital Currencies (CBDCs) across numerous nations have introduced a new dimension to the evolving financial ecosystem. As these digital currencies gain traction, they have the potential to reshape the dynamics of international trade and cross-border transactions. This transition towards CBDCs further underscores the changing paradigm of global finance. However, it is important to acknowledge the mounting tensions and conflicts that permeate the geopolitical arena. Wars, both physical and cyber, as well as potential hacking scandals between nations, have the capacity to disrupt and fracture the fabric of the current economic climate. These events have the potential to cause significant fluctuations in financial markets, including the prices of silver, gold, and Bitcoin. When analyzing the broader financial and economic landscape, it is essential to consider the interplay between political developments, economic policies, technological advancements, and market dynamics. Geopolitical shifts and power realignments among nations can have far-reaching implications for asset valuations and investor sentiment. In conclusion, as we explore the cup and handle formations in silver, gold, and Bitcoin, we must recognize the wider context of global transformations. The potential demise of the petrodollar, the growing influence of domestic currency transactions among BRICS nations, the rise of CBDCs, and the geopolitical tensions reshaping the world order are all factors that can significantly impact the future trajectory of these commodities. It is within this intricate interplay of forces that we seek to discern the catalysts that will drive potential breakouts and subsequent price movements. As the global economic landscape continues to evolve, adaptability and astute analysis remain essential for navigating the uncertainties and seizing opportunities in the ever-changing financial markets. Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
TVC:GOLDLong
by Sikbh
A nice setup this is playing out to bePlease provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea. A cup and handle formation. Appears poised for the return trip up to the 12 dollar range. Take some profits (10-75%) and hang on for the ride to the moon. Hopefully get off before stop-lossing at 2019 low.
TSX:EQXLong
by rockcharts_
1
BTC 1h Inverse Cup and Handle breaking last month's VPVR POCInversed Cup and Handle is a very strong bearish reversal pattern. I should have noticed earlier, but I do my own analysis and was looking for something else while this cup was being spilled in my lap. Why am I posting this late, then? Well, there is one crucial thing left on this chart. And that is that this pattern has a target price target of 27600, which is below the POC (Point Of Control) on VPVR in the last month, and it is currently retesting it after a breakout. VPVR POC shows the line of the most significant volume per price level based on the candles shown on the chart at any given moment, which means that it is the most substantial S/R level in this indicator. And as you can see, there is quite a gap below 28k. So if this pattern breaks POC without significant volume from the bulls, we could retest the 25k level, where the next serious resistance is.
Short
by RockinHood
Grab a Cup of Coffee We'll Handle ThisA cup and handle formation is a technical pattern that can be found in financial charts. It is considered a bullish pattern, meaning that it may indicate a potential opportunity for a price increase. The pattern is named after its resemblance to a cup with a handle. The cup portion of the pattern is created when the price of an asset forms a rounded bottom over a period of time, followed by a pullback that forms the handle. The handle is usually a smaller, downward-sloping price movement that retraces a portion of the cup's advance. Traders often look for a cup and handle formation as a signal that the price of an asset may be poised to break out to the upside. However, it's important to note that technical patterns are not foolproof and should be considered in conjunction with other forms of analysis. If you have identified a cup and handle formation in a chart and believe it may be an opportunity, it's a good idea to confirm your analysis with other indicators or signals before making any trading decisions. Additionally, it's important to always practice proper risk management and consider factors such as your investment goals, time horizon, and overall market conditions.
Long
by xuk1
Stellar Lumens - Looks good technical and fundemental - 2023!!This is not financial advise to go all in big, DCA and use risk management otherwise if you like go big on this investment Stellar Lumens is more than an investment hold to 2025 and more, you can trade it if you like On the fundamentals side Stellar Lumens has so much going for it. Too many turning a blind eye on this because it moves slowly Would not be surprised if intuitional investors buy up big in big volumes for 2023 Some links to do with Stellar Lumens for own research www.coindesk.com (IBM partnership with Stellar Lumens to issue stablecoins through World Wire) stellar.org (USDC stable coin running on the Stellar Network) stellar.org (Moneygram partnership with Stellar for remittance payments) satoshipay.medium.com (SatoshiPay partnership with Stellar for micropayments) stellar.org (Representing Blockchain on the Commodity Futures Trading Commission’s Global Market Advisory Committee) Stellar Lumens Coffee Cup pattern on the Weekly chart - see the handle of the coffee cup? Once break it on the weekly, it has to close above $0.175 US and than it can do 10x - believe it reach $1.75 US, instead of the $0.82 US last high. Now it can bottom out 1 more time till about April 23 around $0.0676 US, the last bottom on the weekly was $0.07 US and believe it has bottom out. You can wait or DCA now. I believe it's still a very good buy now, trying to work out the perfect bottom forget it. On Weekly Stellar Lumens can still be bearish around June 23rd however for that case it going up slowly till it breakouts If you confident about Stellar Lumens I would like this article post to have more research links for other bullish scenarios for the Stellar Network Could SWIFT payments be replaced on the Stellar Lumens network as the alternative faster and reliable form of payment transfers? Could Nasdaq exchange allow digital payments for trading on the Stellar Lumens network?
BINANCE:XLMUSDLong
by SmallWindow
Bloom Energy Cup and Handle BreakoutTLDR: I believe that Bloom Energy is about to go through a massive adoption and growth period that will outshine the current geopolitical climate. Based on my cup and handle charting, I estimate that the lowest upgraded value for Bloom Energy's stock will be around $32. However, climate news will largely influence whether that value goes higher. Strong investor sentiment coupled with appropriate corporate growth measures could land a higher valuation closer to $50. Time will tell. Prelude: Given the recent discussions of hydrogen energy adoption amongst car manufacturers and energy suppliers alike, it seems most any solid oxide fuel cell company stands to benefit. It just takes time, especially in the face of so much post-covid geopolitical conflict. Indeed, as Russia has likely anticipated, the Spring and Summer of 2023 will be decisive... but not in their favor. Political sentiment towards environmental remediation has grown among most Western and some Eastern nations. This means reduced reliance on fossil fuels, Russia's primary source of income. And while Bloom Energy still supplies products that can operate using hydrocarbon fuels, they're significantly more efficient than most other fossil fuel energy production methods. If one factors in the growing market adoption of carbon capture technology, it seems feasible for such devices to get retrofitted to Bloom Energy's solid oxide fuel cell stacks. Bloom Energy has been developing its technology for as long as I've been mature enough to understand it. Their mission has always been to produce cleaner energy as we transition from our dependence on fossil fuels. Our grid will need modular systems with flexible fuel sources like Bloom Energy's while we stabilize battery production and implementation. Wind and Solar will remain, nuclear will grow, but fossil fuel powerplants are likely on their last few decades. Solid oxide fuel cells can replace powerplants before nuclear energy growth and battery integration on the grid happens. Disclaimer: This is not investment advice and I am not certified in any finance field to offer investment advice. I have a B.S. in Chemistry and am pursuing a Ph.D. in Mechanical Engineering. I have taken one high-school-level economics course. These words are purely speculation and should not be acted upon. Any investment activity you undertake after reading this description is done by your hand, and your hand alone. You are liable for your actions after reading this post. I am not telling you to invest in or against any stocks or sectors discussed above. Be Safe! NYSE:BE
NYSE:BELong
by arlieber1
bullish and bearish cup and handle pattern hello dear traders, Here are some educational chart patterns that you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What are the Cup and Handle chart patterns? A cup and handle pattern is a pattern of price movement on a trading chart that resembles a cup with a handle, from which it derives its name. The cup section of the pattern is formed from a U-shaped price movement, while the handle is a short price channel from the edge of the cup. The handle is actually a pullback after the right Swing of the cup. As is the case with other chart patterns, the cup and handle pattern shows you how the price has moved in the immediate past, which can help you predict future price movements. The time it takes for pattern formation varies: pattern formation can be as short as seven weeks or as long as 65 weeks or more. There are two types of patterns: the more popular bullish cup and handle pattern that you can see in bull markets and the inverted cup and handle pattern, also known as the bearish cup and handle pattern, that you can see in bear markets. In the bullish variant, which occurs in an uptrend, the pattern is formed by a downswing (pullback) that gradually turns into an upswing (in the trend direction) followed by a small pullback (a slight downward drift that creates a handle ) The reversal/bearish type, which appears in a downtrend, is formed by an upswing (pullback) that gradually turns into a downswing to continue the downtrend, but then pulls back (handle) a bit. Understanding the structure and inversion of the cup and handle pattern The cup and handle pattern can form in any time frame, but as a swing trader, you should focus on the daily time frame. To identify the cup and handle pattern or reversal type, you need to understand the price movements that form its structure. For example, to be a continuation pattern, there must be a prior trend before a cup and handle pattern can form. Let us look at both patterns one by one. The bullish Cup and Handle pattern:- An uptrend: For a bullish cup and handle pattern to form, there must be an established uptrend, but the trend must not be too mature because the more mature the trend, the less likely it is to continue. A trend on the daily time frame that is a few months old is fine. Cup: The cup is formed from a normal bust that gradually curves upward, creating a "U" shape. It should have a bowl or round bottom and not a sharp "V" shaped bottom. The round bottom ensures that there is a consolidation pattern with valid support at the bottom of the "U" cup. In addition, the pattern on both sides of the cup should be of equal height, but this may not always be the case. Cup depth: The cup should not be too deep. Generally, the cup depth should be around the 38.2% Fibonacci retracement of the previous advance. However, with overreaction in more volatile markets, retracements can range from 38.3% to 50% Fibonacci. In extreme cases, the retracement can reach 61.8% Fibonacci, which is in line with Dow Theory. Handle: This is a pullback that forms after the higher forms on the right side of the cup. This is a minor pullback or consolidation that sometimes resembles a downward-sloping flag or pennant. This is just a small, final consolidation/pullback before a bigger breakout, but could lead to a retracement to the 38.2% Fibonacci retracement of the swing high of the cup. The smaller the retracement, the more bullish the formation and the more significant the breakout. Duration: While the cup can last from 1 to 6 months (or several years on a weekly chart), the handle can take about 1-4 weeks to form. The bearish/inverse Cup and Handle pattern:- A downtrend (bear market): There must be an established downtrend for the inverted Cup and Handle pattern to be meaningful. However, the trend should be relatively young as downtrends don’t last that much. On the daily timeframe, the trend should be from a few weeks to a few months. The dome (inverted cup): The dome of this pattern is formed by a normal price rally in a downtrend (pullback), which gradually turns to a downward swing, thereby forming a dome shape. It should have a rounding top and not a sharp pyramid top. A rounding top ensures that the inverted cup is a consolidation pattern with valid resistance at the top of the structure. Both sides of the dome may or may not have equal lows. Dome height: The dome should not be too high. Usually, the height should be about 38.2% Fibonacci retracement of the preceding downswing, but the retracement could range from 38.3% to 50% Fibonacci in more volatile markets with over-reactions. In extreme situations, it could be up to 61.8% Fibonacci. The handle: This is a slight pullback that follows the downswing that forms the right side of the dome. It is a small consolidation that often looks like a bearish flag or pennant that slopes upward. The handle can retrace up to 38.2% Fibonacci of the dome’s swing down, but the smaller the retracement, the more bearish the formation and the more significant the breakout. Duration: The dome may take about 4 to 6 weeks or more to form, while the handle may take about a week or two. How to trade the Cup and Handle chart pattern:- The Cup and Handle pattern and the inverse type are potent trend continuation signals. When you see any of them, you have to trade in the direction of the trend. While you can trade these price action chart patterns on their own, it may be wise to confirm the trend with some tools, like trend lines and moving averages. Trading the bullish Cup and Handle pattern:- The bullish Cup and Handle pattern forms an uptrend and gives a bullish breakout signal. You might have to fix an uptrend line or a moving average to confirm the trend. Here is how you trade the pattern: Entry:- With this pattern, a buy signal occurs when the price breaks out of the upper trend line of the price channel that forms the handle. There should be a substantial increase in volume on the breakout above the handle’s resistance. Go long at the close of the breakout candlestick. Alternatively, you place a stop-buy order slightly above that upper trend line. Sometimes, it is prudent to wait for a breakout above the resistance line established by the highs of the cup. Stop loss:- You need a stop-loss order to get you out of the trade if after buying the breakout, the price drops, instead of rising. Your stop loss should be at a level that invalidates the pattern’s signal, and that level is below the lowest point of the handle. Profit target:- There are two potential profit target levels for this pattern. The first profit target is estimated by measuring a distance equivalent to the size of the handle, starting from the breakout point. The second profit target is estimated by measuring a distance equal to the depth of the cup, again, starting from the point of the breakout. Trading the bearish Cup and Handle pattern:- The bearish Cup and Handle pattern forms a downtrend and is traded as a bearish breakdown signal. So, you can use it to go short on the market if you want. This is how you trade the pattern: Entry:- You have a sell signal when the price breaks below the lower trend line of the price channel that forms the handle. There should be a spike in volume when this breakdown happens. You may go short at the close of the breakdown candlestick, or you place a stop-sell order slightly below that lower trend line. It might be wise to wait for a break below the support line established by the lows of the inverted cup. Stop loss:- When you are trading the inverse Cup and Handle pattern, you should place your stop loss order above the highest point of the handle. Profit target:- Two potential levels are good for your profit target: the first profit level is estimated by measuring a distance equal to the size of the handle, starting from the breakdown point, while the second profit level is estimated by measuring a distance equal to the height of the dome (inverted cup), starting from the point of the breakdown. Trade with care If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
Education
by CryptoSanders9563
2
📊 Understanding the Cup and Handle PatternA cup and handle is a technical analysis pattern that appears on a chart as a U-shaped pattern, followed by a small downward drift, resembling a handle. It is important to note that like all technical analysis patterns, the cup and handle pattern is not a guarantee of future price movements and should be used in conjunction with other analysis techniques. 📈Cup and Handle It is considered a bullish pattern and is often used by traders to indicate the potential for an upcoming price increase. The pattern is formed when the price of a security falls, reaches a bottom, and then rises back up to near its previous high before falling again. The downward drift that follows is the handle. The pattern is considered complete when the price breaks through the resistance level (the top of the cup) and continues to rise. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. 📉Inverted Cup and Handle After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely. One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue