Cupandhandlepattern
Good momentum and volume in CCD, up towards 75+In weekly timeframe, having trendline resistance around 77 ( where as monthly club is around 71) forming possible Cup and handle pattern with good volumes ...(last few sessions volumes shows strength)..
If it continues the strength then next targets would be 75, 100+ in 6 months.
Note: This is just educational purpose and not for recommendations at all.
Possible Cup & Handle pattern and can go long In weekly timeframe, Tinplate formed possible Cup& handle pattern from 2018.
So, as per my view in next couple of months it can go till 450 and if pattern breakout then it can go till 800 next 9-12 months.
Next few weeks would be key to understand pattern depth or deviation if any.
Note: This is just educational purpose and not for recommendations at all.
DKS Breakout Long TradeDicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern.
After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level.
Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the market.
Even in the late August market selloff, DKS held its ground and posted higher RS readings.
I’m looking for a continuation of the breakout that began on Friday.
AMZN Has a Broken Handle!Amazon has a broken handle!
The handle of the classic cup and handle broke this afternoon on the weekly chart.
I am bullish on Amazon for this reason and because SPY is trading above 400!
I strongly believe that Amazon has a strong move ahead of today.
Blessed beyond measure,
MrALtrades00
*This is not financial advice.
CTRA Energy Stock Cup and HandleCTRA is showing a cup and handle on the daily chart now with the handle underway.
The Bull/Bear power indicator is at zero showing some equilibrium.
The RSI / Ichimoku indicator shows relative strength sitting on cloud support.
I see this as a good swing long setup and will take a trade when I see spot oil and natural
gas uptrending.
EOS cup and handle can rise price to $3#EOS/USDT
$EOS shaped a cup and handle pattern.
now price is below upper line of descending channel that can be considered as handle, and it is the same with neckline.
🐮 break out from neckline or upper line of channel can increase price as high as cup which is around $3.
🐻 break down from 0.5 fib level will invalidate this scenario.
SHIB C&H (D)Cup and & Handle pattern on the Daily timeframe. Currently forming a falling wedge pattern for the 'Handle' part of the cup. Looking primed for a move up. I predict more consolidation until the end of September where the 'Merge' and Shibarium are rumored to come out. Wealth transfer here we come. When this makes a massive move to the upside know that God is the one who did this and His Glory will be known. #RedSeaMoment #PraiseGod
XAUUSD Inverse Cup and Handle Bullish for Now LONGXAUUSD = Spot Gold appears to be forming an upside-down cup and handle pattern.
At present, the handle is forming in an ascending channel so the pattern is bullish right now.
However, the completion of the handle and price dropping to the 1695 range would confirm the bearish continuation
where the price could then drop to the 1580 range based on the cup having a bottom-to-top price distance
of 110. I believe that this is worth watching for a short entry at the 1695 level. A bearish continuation in
September would coincide with September historically being one of the weakest months of the trading year.
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