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Cupandhandlepattern

Will TSLA have a bloodfree September?NASDAQ:TSLA On the 2 Hr chart, TSLA seems to be forming the handle of a cup and handle pattern started back in April. The MACD shows K/ D signals about to cross under the histogram while the 'RSI oscillator shows no divergence that would suggest a reversal of the downtrend. So, will the pattern be intact and TSLA have a good September with bullish continuation or instead will there be more blood in the street for September and TSLA continue on its downtrend? What is your opinion
NASDAQ:TSLA
by AwesomeAvani
2
Mahindra holidays amd resorts india LtdMahindra holidays amd resorts india Ltd good for swing trading Buying this stock also because cup and handle pattern is forming volume is hingh cup and handle breakout BUY =286.45 Stop loss=261 1st target =308 2nd target=331 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅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 🔁
NSE:MHRILLong
by LR_RAJSharma
Gold Bear market incoming - down to 1686, 1440? As we can see we have both a Double top, as well as a reversed cup & handle pattern on the weekly chart. Both announce a bearish sentiment to the market for the coming months if correct. We can see gold retest 1680 level as it did 18/07, breaking that (very strong) support could cause the pair to depreciate to 1440-1446. I am personally opening a smaller lot, long-term sell position, TP1 set at 1686, TP2 set 1512.5. Don't risk opening big lots on such trades, this process could take months, we also need to remember to take external factors into consideration. Let me know what you think!
EASYMARKETS:XAUUSDShort
by mbarbar
$NFG gas industry leader near breakoutNational Fuel Gas Co l is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility. The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at $73. Investors Business Daily gives a Relative Strength rating of 92 and Ranks the stock first in its industry. AMEX:UNG had a really bad day yesterday which could affect NYSE:NFG and the rest of the industry. I'll let the price guide me. If it breakouts with heavy volume I'll buy. If not, then I won't buy. Simple.
NYSE:NFGLong
by dpuleo19
BNB: Bearish Inverse Cup & Handle!!Hello Guys, BNB is looking bearish here. It is forming inverse cup & handle pattern (which is generally a bearish pattern). Important support area is $273-$278 (support line of inverse cup & handle pattern). If it breaks below the support then we can see more dump ($250ish area) You can open a short position after breakdown of support area with low leverage. SL: Above $311 if you like this idea then do support it with like and follow for more. Also, share your views in the comment section. Thank You!
Short
by Usman_Yaqoob
1
$DLTR, CMT Investment Challenge - 1st TradeDolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on NYSE:WMT . That's why stocks like NASDAQ:DLTR and NYSE:DG came right back up. This shows strength and leadership in its industry. Inside the handle it has formed a shark pattern with pivot buy at $169. This volatility contraction usually signals that an agressive move could follow. My stop loss is just below last week's low. Investors Business Daily gives a RS rating of 96 and Ranks the stock in 2nd in its industry behind NYSE:BJ . The retail leader has reported 4 quarters in a row with YoY growth. Last quarter published a +6% in revenue, +34% in profit margins and +48% in EPS growth. This fundamentals may act as a driver for institutions to buy the stock.
NASDAQ:DLTRLong
by dpuleo19
BGRIM | Elliott Wave Analysis - Leading Diagonal Cup HandlePrice action and chart pattern trading > Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support > Expecting a candlestick tight formation for reversal pattern formation before entering a long entry. > The target 3-wave confirmation should break out the upper channel resistance. > The final target of cup & handle at 2.618 extension zone
SET:BGRIMLong
by dukeposh
1
XAUUSD SPOT GOLD LONG SWING Cup & Handle PatternOANDA:XAUUSD The 4H XAUAUD is set up on the finish of a cup and handle pattern and so bullish continuation is about to ensue. The chart shows the depth /height of the cup. I will enter when the basis of the Bollinger Bands reverses into an uptrend. Stop loss will be outside the LBB at that time or alternatively the recent swing low. Targets, as drawn to the chart, are the POC of the volume profile, the triple top of June and the double top of May as also shown with arrows. I expect this to be a high probability trade for a few months with a high yield compared with the risk. Teh gold bull run will be fueled by continued inflation the erosion of dollar value (DXY) as well as fear and the flight to safety (VIX). What is your opinion ?
FX:XAUUSDLong
by AwesomeAvani
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The cup and handle on a relatively long time frame increases both its reliability and the time period for which the pattern to play out.
AMEX:BOILLong
by AwesomeAvani
TSLA LONG Cup and Handle Bullish ContinuationOn the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior reported earnings, The cup portion completed with the recent earning about August 5th while the handle is completed this week. The cup is about $280 in height/depth while the time duration is about 90-95 days in duration. This predicts a bullish continuation from the current market price of about the same value making a target of $1190 before the next earnings in 80 days. Making for a 30 % ROI over the same time. ( The uptrend and downtrend of the cups are supported by relative volume as seen on the indicator.) For a better understanding of the cup and handle pattern, see this excellent explanation and discussion by GMEvsSPY (link by permission)
NASDAQ:TSLALong
by AwesomeAvani
2
Nat Gas's Rally To Strengthen Fundamentals: The global Nat gas supply is one of the tightest in the commodity space. Historically hot weather all over the world -most notably in Europe and in parts of the US- has created an abnormal amount of demand for nat gas this summer. Climate change and extreme weather are also now threatening the passage of cargo ships through the Rhine river, which could have big implications on the price of several European imports including nat gas. All the while Putin looks to use his pipeline Nordstream 1 as a bargaining chip in the face of NATO sanctions. There has already been talk about a complete halt of Russian gas into Europe coming in the fall of 22. Technicals: A cup and handle formation looks to have formed on the daily chart, currently in the final stage, in which NG1! should break out to new highs. Momentum is very strong on monthly, weekly, and daily timeframes. The volume for this rally is certainly not the strongest. NG1! found support and bounced nicely off the 50% retracement level of around 7.5. Despite the low volume, I think new highs are a lock here for US nat gas. This is a textbook cup and handle, I expect an upside target of 13.65 to be hit in the medium-term outlook for NG1!. As always this is not trading advice. Good luck!
NYMEX:NG1!Long
by Gooby_Trades
2