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Cupnhandle

ALGO has formed an almost perfect cup & handle on the daily.ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there. Either way, I'm a long-term investor who's already well into the green, and will be holding for many years to come. Good luck, and always use a stop.
Long
by MetaShackle
TRU trade setup looks absolutely incredible!The current cup & handle setup that has been forming is absolutely incredible looking! The recent down-thrust looks to have formed the bottom foundation of the formation's handle. I'm waiting patiently for the price to retest the breakout level from the "Bitcoin Approval Rally.' I will be putting a long position on in that area when my charts give me the signal. This trade setup would work better on a higher dollar/lower leverage entry vs. in my opinion as it will take some time for this pattern to play out to its finality. If you use leverage, make sure that you keep it reasonable (10 - 20x), and keep extra funds in your account to give you a larger spread from your Liquidation Price to assist you in avoiding that dreaded 4 o'clock liquidation candle the Market Maker's love to throw at us in the middle of the night while we're tucked into bed sawing logs. Good luck!
Long
by MetaShackle
REEF breaking out of the descending wedge pattern.REEF was taken down hard the past couple of days by market makers, yet has still managed to breakout of the descending wedge pattern on a day when it's deep in the red. The 4 hour chart looks absolutely incredible! I took a long position at .00159 and will be adding to it as the trade progresses. These are the only indicators that I use. In my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) Try them, you can thank me later! - Haos Visual Divergence + Volume Analysis - TTM Squeeze Pro - Stoch MTM - SMI MFI
Long
by MetaShackle
3
REEF cup & handle - handle formation divergence.As per my previous REEF chart posting, REEF has formed a massive cup & handle formation and is now working on the formation of the handle itself. The white triangle represents the area that the handle formation is occurring. Currently there is a divergence between the price action and the H.V.D. Volume Analysis Indicator which looks to be a good sign that the price action will be moving upwards to the white dashed line to continue building the handle. I think this is going to be a very substantial, positive price move once the price action breaks out of the handle formation. These are the only indicators that I use, and in my opinion they're the best combination available for trading. (With stock volume and 200 D.M.A.) My P & L clearly demonstrates this fact. - Haos Visual Divergence + Volume Analysis - TTM Squeeze Pro - Stoch MTM - SMI MFI
Long
by MetaShackle
2
Cup with handle Incorporated in 1998, Allsec Tech is a global leader in outsourcing solutions offering future-ready, resilient business transformation services to industry heavy-weights, Fortune 100 companies, and growth-focused organizations. The services provided by the Company include data verification, processing of orders received through telephone calls, telemarketing, monitoring quality of calls of other call centers, customer services and HR and payroll processing. The Company has delivery centers at Chennai, Bengaluru and NCR. With 4,000+ FTEs spread across 5 contact centers in the US, Philippines, and India, the company manages over 1 Million customer contacts per day, via multiple touchpoints.
A
by investigationofchart
How To Identify and Trade a Cup & HandleThe Cup & Handle Pattern: A Comprehensive Guide to Continuation Mastery In the vast realm of technical analysis, the Cup & Handle pattern emerges as a brilliant beacon of insight—an extraordinary exemplar of a continuation pattern that elegantly unveils the ongoing momentum within an established trend. Its inherent elegance lies in its unparalleled ability to furnish traders with a tangible roadmap, skillfully guiding them through the intricate symphony of price action. As we embark on this enlightening journey of exploration, we shall unveil the multifaceted layers of the Cup & Handle pattern. Our expedition involves an in-depth dissection of its core components, a profound interpretation of its implications, and an unveiling of the critical elements that lend credence to its presence. 1. Cup Formation: The Artful Pause That Speaks Volumes Nestled at the heart of the Cup & Handle pattern is the captivating creation of the cup formation—a graceful curve that mirrors the contours of a masterfully sculpted cup. This stage encapsulates a momentary respite, a purposeful consolidation within the overarching trend. It embodies a pause that echoes the collective sentiment of market participants, offering a tangible representation of forces seeking equilibrium. The gentle curvature of the cup resonates with the rhythm of the market, seamlessly weaving together the intricate interplay between demand and supply. 2. Handle Formation: The Prelude to Anticipation Following the organic embrace of the cup, the handle formation emerges—an intriguing prelude that tantalizingly hints at the future. This segment assumes the shape of a concise consolidation, often resembling a brief pullback or a tranquil sideways drift. The handle, akin to a contemplative interlude in a symphonic composition, captures a moment of introspection. It's akin to a traveler pausing at a vantage point, surveying the terrain before embarking on the next phase of their journey. During this introspective intermission, market participants recalibrate their strategies, absorbing insights for the forthcoming movement. Interpreting the Pattern: Guiding Continuation with Finesse The Cup & Handle pattern serves as a reliable navigational instrument within the ongoing narrative of a trend: • Bullish Narratives: In an upward trajectory, the Cup & Handle encapsulates the very essence of continuity. It signifies the unwavering persistence of the prevailing uptrend, elegantly supported by the inherent flow of the pattern's organic formation. Validation Through Breakout and Volume: • Breakout Confirmation: The core of the Cup & Handle pattern's credibility hinges upon the breakout above the handle's upper boundary, often referred to as the resistance level. This pivotal juncture serves as a luminous beacon, illuminating potential entry points and validating the pattern's existence. • Volume as a Harmonic Undertone: Volume analysis lends a harmonious undertone to the pattern's melody. Attentive observation of volume trends during the cup and handle stages adds a resonant chord. Heightened volume during the cup formation, followed by a gentle cadence during the handle, amplifies the pattern's authenticity. • Projection and Beyond: Navigating the Path Ahead • Projected Price Targets: Peer into the future by projecting potential price targets above the neck line breakout. The symphony of Fibonacci levels—62%, 79%, 100%, 127%, and 162.7%—composes a harmonious ensemble of potential completion points. • Harmonizing Analysis: Synthesize your findings with the broader market landscape. Overlay auxiliary technical tools, such as support and resistance levels, to orchestrate a harmonious fusion of analysis and fine-tune your trading decisions, • As we voyage further into the intricate domain of technical analysis, the Cup & Handle pattern takes on a persona beyond mere lines on a chart. It becomes a living embodiment of the intricate dialogue between market psychology and the ebb and flow of price dynamics. In your arsenal as a trader, it functions as a steadfast compass, guiding you with its radiant light through the intricate labyrinth of trends. This is your roadmap to navigating the captivating odyssey of continuation. "Cup & Handle Unveiled: Mastering Continuation Strategies with TCPLTP"
Education
by TradeChartPatternsLikeThePros
1
The Cup and Handle Pattern in TradingGreetings, fellow traders and investors of @TradingView 📈🚀 Keep your eye for cup and handle pattern, a chart formation that hints at potential market possibilities. The Cup and Handle: Visualize a cup, complete with a 'U' shape and accompanied by a handle. This chart pattern mimics that very shape, capturing price shifts that can hint at noteworthy market movements. Here's the essence: a cup forms through a gradual downward trajectory, leading to a stabilizing phase, and eventually, a rally that mirrors the extent of the initial decline. This sequence of price action is pivotal in identifying the characteristic cup and handle formation. Initiated by low trading volume, the formation gathers momentum with rising volume as the left lip of the cup takes form. Subsequently, volume recedes near the cup's bottom, only to surge again towards the right lip and breakout. The initiation involves a dip in price, followed by stabilization, and finally, a rally that aims to retrace the plummet's impact. As the cup materializes, it curves into a 'U' shape, while the price dips slightly to craft the handle. Notably, the handle must be smaller than the cup and should exhibit a minor downward trend within the trading range. It's imperative that the handle doesn't dip below one-third of the cup's depth. Strategy and Execution Now, how can you effectively trade this compelling pattern? The strategy involves positioning a limit buy order just above the upper resistance of the cup and handle. Simultaneously, set a stop-loss order slightly below the handle's support. This calculated approach ensures that your buy order triggers only when the price breaks through the upper resistance level. This cautious measure shields you from premature entry due to false breakouts. For traders seeking an extra layer of assurance, patiently waiting for the price to conclusively close above the upper trendline of the handle can provide a higher degree of certainty before initiating the trade. 🌟 Wishing you successful trades and profitable outcomes as you leverage insights from @Vestinda. Remember, patience and careful analysis are your allies on trading path. Happy trading! 💰
INDEX:BTCUSDEducation
by Vestinda
2
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