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Cupandhandlelong

GBP/CHF Breakout Riding the Bullish Wave of the Cup and HandleThe chart for GBP/CHF on the 2-hour timeframe highlights a classic cup-and-handle pattern, a well-recognized bullish continuation setup. The rounded bottom of the cup indicates a period of accumulation, while the subsequent handle reflects a minor retracement and consolidation phase. This pattern suggests a strong potential for upward momentum as buyers regain control and push prices higher. Key support and resistance levels are clearly defined. The rounded bottom has established firm support at 1.1130, while the handle retracement respected the 1.1198 level, reinforcing it as a critical short-term support zone. The neckline of the cup pattern, now serving as a breakout point, is around 1.1204. If bullish momentum continues, the price is likely to test resistance levels at 1.1270 and further extend towards 1.1350. The chart also shows dynamic support and resistance through moving averages or bands, with the recent transition to green indicating strengthening bullish momentum. These indicators are acting as a trailing support zone, adding further confidence to the long position. The long position was initiated at the breakout above the handle consolidation, confirming bullish intent as the price reclaimed the neckline at 1.1204. The stop loss is strategically placed below the handle retracement at approximately 1.1190 to protect against a false breakout or reversal. The initial target is set at 1.1270, aligned with Fibonacci extensions and resistance zones, while an extended target lies near 1.1350, suggesting significant upside potential. Cup-and-handle breakouts typically align with increasing volume during the breakout phase, confirming the strength of the move. Traders are advised to monitor price action closely near key resistance levels to gauge the sustainability of this bullish trend. The setup presents a disciplined and well-calculated bullish breakout strategy. The technical indicators, pattern formation, and risk management align to support a strong upward move, provided market conditions remain favorable. This chart reflects a clear opportunity for traders aiming to capitalize on the continuation of bullish momentum.
Long
by wolfchemist
1
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.
NSE:IDEALong
by VanshikaUdeshi
1
Cup & Handle Breakout in USDJPYUSDJPY did breakout from cup and handle formation at 138 zone. The price retraced toward the breakout zone and was hovering sideways for 8-10 trading sessions before finally pushing on the bullish side (on the US Dollar). The price seem to have completed the retracement after the breakout at 138 zone and looks ready to continue upward in the direction of the breakout. Longs can be initiated on the USDJPY pair for 148.85 as the measured move target. SL below 138.40. Note, BoJ may come to interrupt the bullish flow of this chart once again, so be nimble and prepared to reverse positions upon any plausible bearish central bank action.
Long
by vipulmehta817
6
📊 Understanding the Cup and Handle PatternA cup and handle is a technical analysis pattern that appears on a chart as a U-shaped pattern, followed by a small downward drift, resembling a handle. It is important to note that like all technical analysis patterns, the cup and handle pattern is not a guarantee of future price movements and should be used in conjunction with other analysis techniques. 📈Cup and Handle It is considered a bullish pattern and is often used by traders to indicate the potential for an upcoming price increase. The pattern is formed when the price of a security falls, reaches a bottom, and then rises back up to near its previous high before falling again. The downward drift that follows is the handle. The pattern is considered complete when the price breaks through the resistance level (the top of the cup) and continues to rise. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. 📉Inverted Cup and Handle After the cup forms and the beginning of a noticeable handle takes shape, begin to monitor trading volume closely. One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade idea. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
MATIC Cup and handle BULLISH!Hi, Tradingview BINANCE:MATICUSDT MATIC has formed a cup and handle on the 2hr, and 4hr chart. We can also see with the TSI indicator that there is what looks like a bullish crossing possibly happening on the 2hr, however possible bearish crossing on 4hr. This means it could go either way. We could see a bounce on the 4 hour with a break on the 2 hour(bullish), or a bounce on the 2 hour with a break on the 4 hour(bearish). I will be waiting for confirmation of either before I get into a trade (details below). Before we get into that I want to discus what could happen if the bearish crossing on the 4 hour takes place. 1. We could see a test of the .85, or .83 support (yelllow dashed lines) 2. we could see a complete breakdown of the cup and handle. Breaks downs like that have been occuring recently. I personally am leaning more towards the bullish side as I believe the rest of the market is. How I would trade this (will update if I take a position) Entry: Break and confirmation of red box, retest of .8535 support with bullish TSI SL: break below red box TP1: .89 TP2: .90 TP3: .95 Hoping to see some more bullish action. Happy trading! -- Spike Cap
MLong
by Spikecaptial
2
Do You Enjoy Taking Flights On Jets?Do you enjoy taking flights on Jets? Let's take a trip...together if you will. Name and Ticker-U.S. Global Jets ETF AMEX:JETS I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together. Where is the confluence? Multiple touches on the 200MA (please see the daily chart ). What locations (price targets) are possibilities on our itinerary? Minimum move of 1.87 above our handle (or runway if you're onboard this flight) and a maximum of 3.87 above the handle (3.87 includes the cup and handle sizes). *Special note- Please be mindful that our "JETS" may be grounded if we break below the handle or channel. Peace & Prosperity, Al
AMEX:JETSLong
by MrALtrades00
$KCS CUP AND HANDLE MEASURED MOVE BUY & HODL THIS COIN!!FOLLOW STEPS 1, 2, & 3, IT'S AS SIMPLE AS THAT!! THE MORE $KCS YOU OWN, THE MORE OF IT YOU CAN EARN!! THIS IS AS "NO BRAINER" AS THEY GET!! 1) Kucoin's house coin, $KCS on the daily has formed a massive CUP & HANDLE, which I didn't notice until now, because I never look at its chart!! Why, because I don't need to!! I buy it when it is cheap and I just sit on an ever increasing bag of it. Crypto is becoming mainstream and we are going to see Kucoin grow into a Binance sized operation. $BNB used to be super cheap and look look at it now $636.46 (At time of publishing). Kucoin will be worth just as much, if not more, maybe next year, maybe 10 years from now, I don't know, I don't care, just Buy, HODL, and collect. Passive income, this is the way!! 2) Measured move from the "rim" of the cup to the "bottom" of the cup. Draw line, move it to the "rim", presto whizz bang banjo, Bob's your auntie, and you are about to double your money, IF you got in early... You really should have got in earlier than now!! 3) See I told you so, now you take some profit off of that bad boi or just continue the HODL... Do whatever you want, I don't care, it's your money!! You can buy whatever donkey you want and however much whipped cream your sorry little sad pants can handle, cause this is America, unless you are not living in America, then this is wherever you are currently and that place is cool, too and I'm sure you can buy any of the fine, nice donkeys that they have in that country, too, unless they have laws against that "sort of silly ole thing", then in that case, you should probably clear your search and browser history and go somewhere where they are a little less judgmental about what a grown adult, a donkey, & a case of perfectly good whipped cream do in the privacy of their own motel room that they rent by the hour...
Long
by Ashandeverythingelse
2
$OCEAN Cup & Handle formation 1D OCEAN 1D CHART Very nice looking Cup & Handle fractal forming on OCEAN. TARGET PRICE $1.97 although if you are going to set a limit sell then I would set it a little under this, maybe $1.90 in case we don't hit perfectly! As we are seemingly in the beginning of a nice little alt season, this could well play out nicely 🦾 Breakout expected around the 11th September... SAFE PLAY Entry within the box labelled ENTRY ($1.15 - $1.25) - wait until we have breached the neckline and retested before buying in. AGGRESSIVE PLAY Buy at any point around this range we are in now ($0.78 - $0.90) and set yourself a stop loss below support which is also marked in the chart ($0.67 - $0.76). PLEASE NOTE Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital. It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this 💫 Trade safe guys, PumpeyeTheTraderMan & Crypto Society ❤️
OLong
by BiloCrypto
3