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Cupandhandlepattern

BTC Cup & Handle with Inverse H&SWe saw a breakout candle with volume of the H&S confirming the pattern. Wide cup forming. According to O'Neil, handles should last around 4 weeks and drop up to 15%. We exceed the 15% momentarily but hey, this is Bitcoin. Handle pattern is invalidated if it breaks the pattern to the downside or essentially sees a new low. A breakout of the channel and then a breakout of the previous high around 31,000 would be extremely bullish with a price target around $44,000. Please rate this TA. Thanks.
BITSTAMP:BTCUSDLong
by austinratchford
(GRMN) DCA - A Bullish Cup and Handle BreakoutCompany: Garmin Ltd. Ticker: GRMN Exchange: NYSE Sector: Technology Introduction: Greetings and welcome to today's technical analysis post. Today, we're looking at the daily chart of Garmin Ltd. (GRMN) on the NYSE, featuring a distinctive Cup and Handle pattern acting as a bottom reversal. Cup and Handle Pattern: A Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It looks like a cup with a handle on the right side. The 'cup' is a curved u-shape, while the 'handle' is a slight downward drift. Analysis: The GRMN chart presents a Cup and Handle pattern that has been forming for 276 days, and is easily recognizable to classic chart pattern analysts. The breakout from this pattern has already occurred, which suggests a potential entry point for traders. Moreover, the price is trading above the 200-day EMA, which supports a bullish setup. Conclusion: The Garmin Ltd. daily chart analysis highlights a clear Cup and Handle breakout, a bullish signal for the stock. As always, please remember that trading based on chart patterns should be done in conjunction with sound risk management and proper position sizing. Please note that this analysis does not constitute financial advice. Always conduct your own due diligence when trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
NYSE:GRMNLong
by KarimSubhieh
I Cannot cannot Short This !!! situation+next targets.The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Pivot S1 weekly - Ascending Triangle ❗ and the Upward signals of market momentum are: - The Bottom of the Bollinger band ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅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
26
Cintas Corporation (CTAS) - A Cup of Potential ReturnsCompany: Cintas Corporation Ticker: CTAS Exchange: NASDAQ Sector: Industrials Introduction: Greetings and welcome to this analysis. Today, we are analyzing the weekly chart of Cintas Corporation (CTAS), containing a potential Cup and Handle pattern, indicating a bullish continuation, has formed. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. In this case, we've observed a well-defined Cup and Handle over the course of 504 days. Analysis: Cintas Corporation's chart shows a clear Cup and Handle pattern, with horizontal resistance at $461.58. The price seems to have breached this level, but we'll need to wait for the weekly candle's close to confirm. If confirmed, this could present an immediate buying opportunity. All of this action is happening above the 200 EMA, indicating a bullish environment. The projected price target, should the breakout be confirmed, stands at $579.10, signifying a potential rise of 25.5%. Conclusion: The weekly chart of Cintas Corporation portrays a well-defined Cup and Handle pattern, suggesting potential for bullish continuation. Traders should monitor the weekly candle close to confirm the breakout above the horizontal resistance level. As always, this analysis is not financial advice. Prioritize risk management and proper position sizing in all trading decisions. If you found this analysis useful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
NASDAQ:CTAS
by KarimSubhieh
PLATINUM BREAKOUTS X 3 Platinum Futures At present Precious Metals all seem to have the wind at their back on longer timeframes. - A H&S pattern with a potential breakout within a - Cup&handle with a potential breakout within a - A long term pennant with a potential breakout. RSI Indications - You can see how the green/red circles and resistance lines provided great entries and exits. - We are approaching the upped resistance line and I would expect some resistance here which aligns with the resistance of the Cup and Handle (which aligns with historic price resistance) - Use the RSI resistance lines to help manage risk. In summary I am long term bullish however if we breach the bottom of the long term pennant... we exit the trade. RR is great here if you set a stop under the pennant resistance, this being for a long term 36 - 60 motnh trade. There are also lots of short term opportunities in this chart from the three patterns identified. These you can see and manage within your own timelines using the chart lines as reference points for buy and sells. Thanks PUKA
NYMEX:PL1!Long
by PukaCharts
LONG TERM - VIRTUOSO looks Good !Classic Cup and Handle Pattern. Virtuoso Optoelectro is involved in the business activities of Manufacture of domestic appliances. Company’s Total Operating Revenue is Rs. 200.17 Cr. and Equity Capital is Rs. 14.98 Cr. for the Year ended 31/03/2022. Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products, and provides end-to-end product solutions. The company's current product portfolio of consumer goods includes (i) Split Air Conditioners; (ii) Water Heaters; (iii) LED Lighting products; and (iv) other miscellaneous products such as injection molding components for air conditioners. Virtuoso Optoelectronics Limited serves under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models. Cons : High Debt As of June 2022, co. has a debt of 72 Crs which is 2.5 times more than its FY22 operating profit.
BSE:VOEPLLong
by CannySunny
Infy - Cup and Handle - waiting for breakoutReasons for the cup and handle to breakout: Infy - Cup and Handle - waiting for breakout Retest done at RBR candle in daily Huge possibility for gap filling Nasdaq has tested the current supply zone multiple times and ready for breakout TCS is in the clear up trend. Some short covering positions is holding the infy to breakout. Huge OI is formed at 1300 levels, so 1280, 1260 will see a short covering positions which is pulling the current selling. Today's close is above the RBR demand area which is a positive sign.
NSE:INFYLong
by sam669999999999
GOOG Cup and Handle FormationGOOG price is after a consolidation in price which lasted since beginning of November 2022 starting to look bullish. It is currently testing it's 200 moving average which is sitting at $103 per share price range. If the pattern is formed properly and bulls take over, we could see a potential rise in price to the $125-130 level. Things to watch and consider: 1. My personal buy point for the GOOG stock would be retest of the 200MA, price levels between $102.5-$104. This buy will be 30% of the planned acquiring of the GOOG stock. 2. Second buy point would be above last known resistance sitting at $108.4 - $108.8 price range, which is also considered as top of the Cup and Handle Formation. 3. If this scenario is set to be false, my stop loss for this position will be just under the 200MA, sitting at price range between $102.5 and $100 per share. 4. If the scenario according to technical analysis seems to be working, my profit target would be in range of $125 to $127 per share, with possibility of moving my take profit level even higher if price is starting to move higher. Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
NASDAQ:GOOGLong
by De_Banis
1
🔥 Bitcoin Cup & Handle: Patience For Break Out ☕BTC has been forming a cup & handle pattern over the last couple of days. Note that the pattern is not finished yet, so we can't be certain whether it's really a cup & handle, but we can at least prepare for it. I'm waiting for BTC to break through the top yellow resistance area. A break out through there will confirm the pattern and will likely result in a bullish break out. 31k is my short-term target. Patience is key.
COINBASE:BTCUSDLong
by FieryTrading
17
SKX - Cup & HandleSKX has trended above it's 200 day moving average since 11 Nov 2022 and began to consolidate in a mini cup pattern ("handle" if we look at the monthly timeframe) for the last 3 months. It has just broken above this mini cup neckline @ 49 strongly after earnings beat and is now heading towards a more significant neckline (54 - 56 zone). If it is able to break and stay above this major neckline, then there is room to go higher as it begin a new up trend. Ideally we would like to see a minor pullback shortly after the breakup to retest and affirm that the neckline has become the new support. However this may or may not happen and we should manage the trade with trailing stops (usually placed at near term pivot lows, gap fill or some fib levels). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie postion sizing, stop loss etc) is important! Take care and Good Luck!
NYSE:SKXLong
by Juliac
SUPREME INDUSTRIES LTD - Inverse Head & Shoulder + Cup & Handle 📊 Script: SUPREMEIND (SUPREME INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP 📊 Sector: Industrials Capital Goods 📊 Industry: Plastic Products - Industrial Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Inverse Head & Shoulder + Cup & Handle + trendline. 📈 Current RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2263 🟢 Target 🎯🏆 - 2474 ⚠️ Stoploss ☠️🚫 - 2131 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:SUPREMEINDLong
by radha_23
2
TATA COMMUNICATIONS LTD - Long Term + Cup & Handle Breakout Soon📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP 📊 Sector: Telecommunication 📊 Industry: Telecom - Infrastructure Key highlights: 💡⚡ 📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1258.95 🟢 Target 🎯🏆 - 1400 ⚠️ Stoploss ☠️🚫 - TRAILING ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TATACOMMLong
by radha_23
1
ZIL/USDT TRADE SETUP! 60% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. If you follow me then you must make some good money in the past few days. If you are reading my post for the first time then I tell you, I have shared many Alts like ARB (50% UP), BNX 30% UP), HOOK (50% UP), EGLD (15% UP), SAND (15% UP), and many more. You can check all these setups in my profile. Remember this is just the start of the Altseason so do not Fomo As I said this is Altseason not an Alt day so we get more and more opportunities in the upcoming months. Here is our new setup. Welcome to this ZIL/USDT trade setup. ZIL looks good here. Breaks out from the cup and handle pattern and currently retesting the neckline. Also, they will launch EVM Compatibility next week. So I'm expecting a good pump from ZIL in the next few days. Buy some here and add more in the dip. Target1:- $0.036 Target2:- $0.040 Target3:- $0.044 Target4:- $0.050 SL:- $0.0295 (Do not trade without SL) Buy on spot or you can use low leverage with strict SL. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
8
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