YRD Cup and Handle PatternThere may be cup and handle pattern. It looks Bullish. And cup and handle goal is around 17-18
Cupandhandlebullish
Bitcoin on the Verge of a Classic Cup and Handle PatternBitcoin is gearing up for an ideal cup and handle pattern in the coming days or weeks, which could signal a potential breakout. This formation typically indicates a period of consolidation followed by a strong upward move. If the price holds steady and the volume increases as it approaches the breakout point, we might see a significant surge. Let’s keep a close eye on this setup and see if it plays out as expected!
IDEA:CUP AND HANDLE FORMATIONThe NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy:
1. Cup Formation:
The stock has undergone a rounded bottom, creating the "cup" part of the pattern.
The left side of the cup was formed due to a decline in price, reaching a bottom before rising back up to the original level.
This cup formation indicates a period of consolidation and accumulation, where buyers are gradually gaining control.
2. Handle Formation:
Following the completion of the cup, the stock entered a small consolidation phase, forming the "handle."
The handle typically slopes downward or moves sideways, showing a slight pullback.
This pullback is generally short-term and should not exceed more than one-third of the cup's depth.
3. Breakout Point:
The ideal entry point for traders is the breakout above the handle's resistance level.
Traders should look for a significant increase in volume during the breakout to confirm the move.
Target:
The target price can be determined by measuring the depth of the cup and adding it to the breakout point.
Target Price Calculation:
Target Price: 25
Stop Loss:
Place the stop loss below the lowest point of the handle to protect against a false breakout.
Stop Loss Price: 15.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
TQQQ - Cup awaiting Handle ?TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge,
it started the downside initial part of a cup and handle pattern. The reversal occurred 11
months ago with the upside completion of the cup back to 57.5 In the typical cup and handle,
the handle then forms in a 50% retracement of the height of the cup. the cup height measures
44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the
pattern. Once the retracement is complete, bullish continuation should occur to the extent of
the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to
102 more or less. But first the retracement and reversal must occur.
Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided
by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse
then overcome the resistance of the lip of the cup ( 57.5) and continue to 102.
Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which
it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile,
I will watch for signs of QQQ topping out on the weekly time frame after the same signs on
lower time frames. The alternative view is that TQQQ is building an even bigger cup
right now with the lip at about 88 when the price had a high pivot down on November 22, 2021.
So, do you see a bigger or smaller cup pattern or none at all?
CUP AND HANDLE PATTERNstock took 4 year time complete cup pattern and only 6 month handle build at level of 95 cu and handle pattern breakout completed with high volume.
stock treading PE below the industrial PE.
completing cup and handle at level 95 with runaway gap developed this also indicting stock can go upside
stock debt to equity is high 1.36 debt is high.
no recommendation for but and sell
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Cup & Handle BreakoutDespite the market performing sluggish and out of sync with other indexes viz Nifty, Bank Nifty & Fin Nifty, this classical Cup & Handle pattern formed which subtly broke out giving an upmove for the trend continuation. Patterns are your best bet when nothing else gives confirmation!
Beautiful Cup & Handle on GBP/AUDLast post was hidden unfortunately... but I caught the cup and handle forming at the top of the handle and it's doing exactly what it should right now!
- Let's make these pips!
