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Cupandhandlepattern

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
DXCM WCA -Cup and Handle Company: Dexcom Inc. Ticker: DXCM Exchange: NASDAQ Sector: Health Technology Introduction: Our technical analysis today concentrates on Dexcom Inc. (DXCM), a prominent name in the Health Technology sector, listed on the NASDAQ. A potential Cup and Handle pattern, serving as a reversal formation, has been forming on the weekly chart, suggesting a promising setup for bullish traders. Cup and Handle Pattern: The Cup and Handle pattern typically emerges during a period of consolidation, signifying a potential bullish reversal or continuation. It's recognized by a "cup" formation, followed by a smaller "handle". Analysis: Previously, Dexcom was experiencing a clear downward trend, represented by the blue diagonal line. However, the trend appears to be changing, with the price now consolidating in a Cup and Handle pattern. Though the handle's size is slightly larger than the norm, the well-defined horizontal resistance at 125.58 lends credibility to the pattern's significance. The price is standing above the 200 EMA, confirming a bullish environment. If the price breaks above the horizontal resistance, it could present an excellent opportunity for a long position. The subsequent price target is projected at 184.24, indicating a potential upside of approximately 46.69%. Conclusion: The weekly chart of Dexcom reveals an interesting Cup and Handle pattern, hinting at a potential bullish reversal. As such, this setup could provide a favorable long trading opportunity. Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always do your own research and consult with a financial advisor before making investment decisions. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NASDAQ:DXCM
by KarimSubhieh
2
Radix cup and handle formation(?)In my opinion it seems Radix has started forming a cup-and-handle formation. It's very early to predict the pattern so let's (wait and) see what the price will do the upcoming weeks. When the pattern is confirmed it's definitely a bullish sign. Then you can draw a line from the bottom of to the upper part of the "cup". Take that distance and put it at the point of the outbreak to see what's the target. When I'm doing this calculation, XRDUSD token-price has a target of approximately $0.23. We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
BITFINEX:XRDUSDLong
by Frosty55
GEDYH DCA - Cup and Handle Company: Gedik Yatirim Menkul Degerler Ticker: GEDYH Exchange: BIST Sector: Financials Introduction: Welcome to our weekly technical analysis, where today we're focusing on Gedik Yatirim Menkul Degerler (GEDYH), listed on the BIST in the Financials sector. The weekly chart showcases a Cup and Handle formation, suggesting a bullish continuation. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation pattern that marks a period of consolidation followed by a breakout. It's characterized by a "cup" - a round, bowl-like pattern, and a "handle" - a small bearish channel or consolidation, following which a breakout occurs. Analysis: GEDYH's chart demonstrates a clear Cup and Handle formation over the course of 833 days. This pattern often indicates a bullish continuation, signaling potential for growth. The price is convincingly above the 200 EMA, further emphasizing the bullish environment and a preference for long setups. The horizontal resistance is established at 8.23 TRY. If we witness a breakout above this level, we could potentially initiate a long position. The price target, following a successful breakout, is set at 12.78 TRY, representing an estimated gain of approximately 55.83%. Conclusion: GEDYH's weekly chart presents an interesting Cup and Handle formation, suggesting a potential bullish continuation. This analysis should be part of a comprehensive market research and risk management strategy. Please note, this is not financial advice and investing always carries risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
BIST:GEDIK
by KarimSubhieh
BEARDSELL- LOOKS SUPER ATTRACTIVE FOR LONGHello Friends, Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3)) Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below. overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave. current scenario of Elliot Cup and Handle chart pattern stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume Price challenging upper bollinger bands price is trading above 50DEMA, 100DEMA and 200 DEMA MACD in daily time frame MACD in weekly time frame RSI in daily time frame RSI in weekly time frame overall the scenario for BEARDSELL LTD is showing bullish bias Disclaimer I am not SEBI registered analyst please consult your financial advisor before taking investing decision i am not responsible for any kinds of your profits and losses.
NSE:BEARDSELLLong
by KARANN_DINGRA
4
Ingersoll Rand Inc WCA - Cup and HandleCompany: Ingersoll Rand Inc. Ticker: IR Exchange: NYSE Sector: Industrials Introduction: In today's technical analysis, we turn our attention to Ingersoll Rand Inc. (IR), a key player in the Industrials sector, listed on the NYSE. The weekly chart is demonstrating a potential Cup and Handle formation, a well-known bullish reversal and continuation pattern. This pattern has developed over a period of 553 days, suggesting a possible breakout on the horizon. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that occurs during an uptrend and represents a period of consolidation followed by a breakout. It is characterized by a "cup" formation, followed by a smaller consolidation period called the "handle." Analysis: Previously, IR's chart was showing a clear uptrend, indicated by the green dashed line. Now, we are witnessing a consolidation phase that appears to take the form of a Cup and Handle pattern. The horizontal resistance is at $60.51, and the price is comfortably above the 200 EMA, signaling a bullish environment. A breakout above this resistance level could be a potential entry point for a long position. However, this setup also presents a unique condition, a natural breakout filter, in the form of a secondary resistance level at $62.33. A convincing breakout would ideally surpass both these resistance levels. The potential price target, if both resistance levels are broken, is set at $81.63, signifying an upside of approximately 35% from the breakout level. Conclusion: IR's weekly chart reveals an interesting setup with a potential Cup and Handle pattern. This could suggest a continuation of the previous bullish trend. This setup is currently a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IR
by KarimSubhieh
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
Spot Gold - Does a Chart Pattern suggest a Roadmap?On the monthly chart over the past 12-15 years, XAUUSD appears to have printed a cup and handle pattern now with the price above the trigger for bullish continuation. Trading volumes have persistently increased over the years but especially since COVID. Perhaps central banks are gradually accumulating and hedging the challenges to fiat currency. Since the cup height is about $ 850 and the width is about ten years, the pattern might predict a gold price rise from $1950 + $850 = $2800 over a period of half the cup width or five years. Fundamentals including geopolitical and macroeconomic events trump any technicals. The stochastic RSI shows spot gold at the lows right now. The long-term volume profile suggests the most trading volume was at about $1295 over the visible ( POC line) Price being well above that line is a bullish bias overall. The long-term anchored VWAP originating at the cup base shows gold price is currently one standard deviation above the mean VWAP band, making it high in the fair value zone. Gold supply/mining may be fairly linear with increasing production costs such as labor, energy, and others subject to inflation. Gold demand may be rising as the chart shows rise rising above the POC line and into higher VWAP bands. The combination of increased mining costs and gold demand perhaps increasing at more than linear points toward the the potential of rising prices moving forward.
FX:XAUUSDLong
by AwesomeAvani
2
USD/JPY can ascend further🌟The USDJPY is in a Bullish phase by reaching a PRZ zone 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Pivot R1 weekly - Ascending Triangle ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
10
CMCSA DCA - Cup and HandleCompany: Comcast Corporation Ticker: CMCSA Exchange: NASDAQ Sector: Communication Services Introduction: Greetings, and welcome to today's technical analysis. We're focusing on the daily chart of Comcast Corporation (CMCSA), highlighting a bullish reversal pattern known as a cup and handle that has formed over 294 days. Cup and Handle Pattern: The cup and handle pattern is often a bullish continuation or a bullish reversal signal and is characterized by a 'U' shape (the cup) followed by a smaller, downward drift (the handle). The formation is complete when the asset's price breaks above the resistance line marking the top of the handle. Analysis: Comcast Corporation's price was previously in a downtrend, denoted by the blue diagonal resistance line. This downward movement appears to have been interrupted by the cup and handle pattern. The horizontal resistance line of this pattern is located at $40.94, with the price currently having a second breakthrough. Notably, the 200 EMA is above the price, suggesting a bullish market environment. Upon a successful breakout, the projected price target is $53.50, offering a potential rise of 30.70%. Therefore, a long position might be considered. Conclusion: The daily chart of Comcast Corporation presents an interesting scenario, with the formation of a cup and handle pattern suggesting a potential bullish reversal. With the successful breakout above the pattern's resistance this presents an opportunity for a long position. As always, please bear in mind this analysis does not constitute financial advice. It's vital to conduct your own research and consider risk management strategies when investing. If you found this analysis insightful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:CMCSA
by KarimSubhieh
GIGM DCA - Cup and Handle PatternCompany: GigaMedia Limited Ticker: GIGM Exchange: NASDAQ Sector: Technology Introduction: Hello everyone, today we are focusing on GigaMedia Limited (GIGM), analyzing its Daily scale chart on the NASDAQ exchange. The price chart has caught our attention due to the formation of a bottom pattern, specifically, a cup and handle, which has been developing over the past 270 days. Cup and Handle Pattern: The cup and handle pattern is typically a bullish reversal pattern signifying a period of consolidation followed by a breakout. As the name suggests, it resembles a cup with a handle. Analysis: GigaMedia's price chart has been in a downtrend, as indicated by the blue diagonal resistance line. However, the formation of a cup and handle pattern suggests a potential reversal of this trend. The price is currently attempting to surpass the 200 EMA, and the horizontal resistance stands at $1.62. If a breakout above this resistance level occurs, a long position could be considered. Our projected price target in this case would be $2.12, which corresponds to a potential price increase of approximately 30.74%. Conclusion: The daily chart for GigaMedia Limited suggests a potential bottom reversal with the formation of a cup and handle pattern. A breakout above the pattern's resistance could present a viable long position opportunity. As always, remember to conduct your own research and consider your risk management strategies before making investment decisions. Thank you for tuning into this analysis. If you found it informative, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:GIGM
by KarimSubhieh
TRHC WCA - Cup and Handle Pattern Company: Tabula Rasa HealthCare, Inc. Ticker: TRHC Exchange: NASDAQ Sector: Healthcare Introduction: Hello, traders and investors! Today we are analyzing Tabula Rasa HealthCare Inc (TRHC) on the weekly scale chart. We'll specifically be observing a classic price pattern known as a cup and handle, which may serve as a bottom reversal. Cup and Handle Pattern: The cup and handle is a reversal pattern that can act as bullish continuation aswell. It signifies a period of consolidation followed by a breakout. It resembles the shape of a tea cup and can indicate a strong buy signal when correctly identified. Analysis: Tabula Rasa's price chart was previously characterized by a clear downtrend, represented by a blue diagonal resistance line. Now, it seems to be forming a cup and handle pattern with a clear horizontal resistance at $6.51. However, the 200 EMA is currently pointing towards a bearish environment, which raises some doubts about a bullish setup. Despite this, a breakout above the horizontal resistance could open up the possibility of a long position, albeit with a smaller position size due to the current bearish indication. In the event of a valid breakout, our estimated price target stands at $10.80. This corresponds to a potential increase of approximately 66.24%. Thus, Tabula Rasa HealthCare qualifies as a watchlist candidate, albeit one that requires caution. Conclusion: The weekly chart for Tabula Rasa HealthCare Inc reveals a potential cup and handle pattern, which may serve as a bottom reversal. However, the current bearish environment suggested by the 200 EMA calls for caution. A valid breakout above the pattern's resistance could offer a long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making any trading decisions. Thank you for joining this analysis. If you found it useful, please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
T
by KarimSubhieh