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Cuphandle

Cup and Handle pattern - Altcoins indexCup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. How this works The cup should resemble a bowl or rounding bottom. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks. The buy point occurs when the stock breaks out or moves upward through the old point of resistance (right side of the cup). This breakout should occur with increased volume. The price target following the breakout can be estimated by measuring the distance from the right top of the cup to the bottom of the cup and adding that number to the buy point. This should be used only as a guideline.
CRYPTOCAP:TOTAL3Long
by Crypt0_Ninja
1
Breakout of Cup and Handle formationThere was a breakout of cup and handle formation. Now it's correcting itself, so there a good opportunity to buy at this level or you can buy after a breakout of previous green candle. Since it has broke the Cup and handle formation with good volume there is a good probability that it will give a good return in coming future. Plus the fundamentals are very strong, accelerating quarterly eps , accelerating annual eps , sales are growing, so i recommend to buy at this level.
NSE:LUXINDLong
by sukrut12345
(4/4) CUP n HANDLE 85%, ENTRY OPPORTUNITIES AHEAD!Bulls play to 12K and beyond! If we can just break past 10300.... We are just starting to make a handle, and maybe starting the bottom. If there is another significant impulse that pushes and keeps us below 8150, then the teacup pattern is unreliable. I think there is a good chance that the price will continue to climb. If we can finish the handle pattern, the next resistance levels are at 11500/12000/13900. I think 11500 is highly likely, 12000 also possible, with 13900 unlikely. There are two possible trades, an aggressive one now, and a more conservative one after the handle finishes a bottom. Aggressive entry NOW until friday 8150 stop Profit: Target1 : 11500 - 11800 Target 2: 13800 Target 3: 20K Patient entry @ 10300 stop @ 9600 It's important to let price test the previous high. If it falls short significantly, the price could collapse quickly. You also get the benefit of seeing more price action for confirmation signals. If the price hits 10300 and starts to break several supports, then the pattern is invalidated.
Long
by pokp
1