Cupandhandlepattern
USDJPY CUP AND HANDLE PATTERN USDJPY has formed a Cup and Handle pattern on its hourly chart.
the price is trading the breakout level 128.522 with potential targets C&H TP1 129.016
USDJPY C&H PATTERN
BREAKOUT 128.522
💼
⚠️SL 128.224
🎯C&H TP1 129.016
🎯C&H TP 129.317
🎯
LTC $10,000???Looking on the monthly time frame, we can see that there is a massive cup and handle forming. This is a bullish pattern! The green line on the right is the estimated target based on the height of the cup and handle pattern.
We can predict that we are in a upwards channel as well, which also gives more reason for the price to go all the way up there. If the price goes to the top of the channel, then we may see $10,000 LTC . If price hits the top of the green line, then we will see about $7,000 LTC .
It is best to enter now while we are at the bottom of the channel. I believe this is the low and we will be going up for the rest of 2022 and 2023.
This is a massive opportunity, I will be accumulating as much LTC as I can for this trade!
$STER breaking out of its IPO base with cup and handle!* Great earnings so far
* Breaking out of its IPO base with a cup and handle pattern
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 10.83
* Relative Strength vs. SP500: 406.08
* U/D Ratio: 1.68
* Base Depth: 48.82%
* Distance from breakout buy point: 1.81%
* Volume 39.73% above its 15 day average.
Trade Idea:
* Playing the break of the handle
* You can enter now as the price is still close to the broken base
* Or if you're looking for a better entry you can look for an opportunity around $27.24.
* Manage risk according to your entry and tolerance
Breakout on the MMC chart?NYSE:MMC
Yesterday the price closed above resistance, making a new ATH.
What are your expectations for MMC? Please leave a comment.
This is what I see on the chart, please correct me if I am wrong.
- We have a purple square as support, because MMC opened higher there is a small gap.
- I see a Cup and Handle pattern that started on 30-12-21.
Cup (30-12-21/7-4-22) Handle (8-4-22/19-4-22)
- There is a big volume shelf around $171, this could also indicate possible support.
- Price closed above the highs of 8-12-21 & 28-12-21 & 8-4-22. This means a new ATH,
What I expect: Maybe a small rally from here, or anyway a pullback to the old resistance level ($170.00). I hope that the former resistance level becomes a new support level (Principle of Polarity), and then the price soars to new highs.
This is no financial advise.
TSLA Cup and HandleHey folks, happy Wednesday!
It appears that Tesla is forming a base for the handle in the cup and candle pattern! This seems like a really good entry with low risk and high return potential. This is definitely something to keep on your watchlist.
$REXR breaking out of a cup and handle with Pocket Pivot!Notes:
* Excellent earnings
* Very strong up trend in the long term
* Breaking out of a ~4 month cup and handle
* Printed a pocket pivot
* Good earnings report
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 1.69
* Relative Strength vs. SP500: 5.56
* U/D Ratio: 1.15
* Base Depth: 19.23%
* Distance from breakout buy point: -2.13%
* Volume 28.87% above its 15 day avg.
Trade Idea:
* You can entry now and play the pocket pivot
* Or you can look for an entry around $78.7 area for a better risk/reward ratio
* Manage risk accordingly
$GGB breaking out of a ~11month base!Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relative Strength vs. Sector: 7.19
* Relative Strength vs. SP500: 13.71
* U/D Ratio: 0.8
* Base Depth: 56.93%
* Distance from breakout buy point: 0.31%
* Volume 14.02% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of the base
* Manage risk accordingly
$PLD breaking out of a cup with handle!Notes:
* Excellent earnings
* Very strong up trend in the longer time frames
* Breaking out of a ~5month cup with handle pattern with higher than average volume
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 2.29
* Relative Strength vs. SP500: 7.54
* U/D Ratio: 0.96
* Base Depth: 20.72%
* Distance from breakout buy point: 0.3%
* Volume 34.89% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out with higher than average volume and good earnings report.
* If you're looking for a slightly better entry you can wait for an opportunity around the $168 area
KM Sugar 5 Year BreakoutKM Sugar had given 5 year breakout on chart & given the buying seen recently in almost every sugar stock we can easily see 80 levels in the stock in medium term.
But as we are playing for a swing trade we will book it around 55-58 range. Short Term traders can hold for 80 levels
Sl should be around 37.5 levels
Cup and handle for efinity A cup and handle is forming on the daily. Should give us a target of 1.20. Let’s follow up to see if it plays out
XAUUSD POTENTIAL LONGHi guys. i spotted gold make a cup and handle pattern in 1week timeframe. i think gold will be make a huge bullish in this 4 to 5 years!!! so we will wait until it breakout. If it on breakout it will be confirmation warrant a buy. thanks. Do comment on my analysis.
CHAMBLFERTChambal made cup n handle pattern on higher time frames with good volumes.
Could be bought with mentioned stoploss & target
Deepak Fertilizers Analysis (A good stock to keep tracking)Hey Folks,
Lets Analyze now NSE:DEEPAKFERT
If we look at the fertilizers Sector they are doing very well and beating the market returns. So Investing in them can be a good opportunity.
As most of fertilizers Stock are Rallying and touching All time high's. these can be good money makers or Swing Trades.
Deepak fertilizers can be a good stock to invest in
Reason behind the Analysis is :
Stock is forming an All time high
It has recently given a good candle close #Breakout with high volumes of Classic Cup & handle(A 4 year old resistance) and its hovering over the resistance making it a valid support and showing Buyers are interested in it. Volumes are also giving Spikes while rallying and dried up when it comes down.
So one can start Accumulation in lower levels(Supports) or can trade Breakouts in it according to their risk Appetite.
Swing traders can take the targets of classic cup & handle. or you can hold it For longer term.
Your stoploss can be below of the Support levels or you can keep your SL trailing.
rune great longbig liquidity zone we are in now you can see it goes back a couple weeks now. resistance turned into support. this looks like a gigantic falling wedge to me we just broke and are came back down to accumulate more. 4 hr chart i see a massvie cup and handle. low rsi and mac d finally turning white on the 1 day makes me believe we are in a re test liquidity grab stage before we moon. next couple days weeks should be massive upside in my opinion.
