$XLM - CUP & HANDLE COMPLETE?XLM looks to have come close to completing a cup and handle.
Look for a breakout to claim support above 20¢
Tea-Time
Can you Handle it?
Cupandhandlepattern
Cup & Handle Breakout: Bullish Measured MovePrice target 4575 based on extension from bottom of cup to rim.
Breakout above rim is bullish and high probability of further extension.
Bottom of cup 4330 to rim 4455 = +125, target ~4575.
Move can come fast. Shorts beware.
NB: Chart patterns are often DECEPTIVE and MISLEADING. DYODD!
A pullback to fill the open gap is very likely. Closing the gap may spark further rally towards target price.
FOMC rate hike next week could be catalyst to crush this rally, risk is high for all positions!
AUTO - FLAT BASEI bought my positions today
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
Cup and HandleIf someone wants to draw cup and handle pattern, it should need to break out 1289.
let's see what someone want. ;)
I Cannot Short This !!! situation+next targets.The ZENUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle.
🌟Bullish signals are:
- Bullish Cup & Handle
- Dynamic Support zone
- Pivot weekly
- Ascending Triangle
⭐The pattern will increase the price as much as the measured price movement (AB=CD)
❗ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
ITW WCA - Cup and HandleCompany: Illinois Tool Works Inc.
Ticker: ITW
Exchange: NYSE
Sector: Industrials
Introduction:
In this analysis, we are looking at Illinois Tool Works Inc. (ITW) on the NYSE, a noteworthy name in the industrials sector. The weekly chart suggests a possible bullish continuation in the form of a classic Cup and Handle pattern that has been forming for the past 608 days.
Cup and Handle Pattern:
The Cup and Handle is a bullish continuation or reversal pattern that depicts a teacup with a handle on the right side. It's characterized by a rounded bottom followed by a minor pullback, forming the handle.
Analysis:
The previous trend for ITW was upward, which was interrupted by a consolidation phase that materialized as a Cup and Handle pattern, potentially indicating a continuation of the bullish trend. The so-called "lip" or the horizontal resistance of the pattern is at 248.68.
The price is well above the 200-day exponential moving average (EMA), underlining our bullish sentiment. As we observe the current candle's behavior, it appears that we might achieve a close above the lip. A successful candle closure above this resistance could pave the way for a long position.
Conclusion:
In the event of a successful breakout, the price target would be projected at 515.51, corresponding to an estimated rise of about 30%.
Remember, this analysis should be one component of a broader market research and risk management strategy, and it's not intended as direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Here's to successful trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
ODFL WCA - Cup and HandleCompany: Old Dominion Freight Line, Inc.
Ticker: ODFL
Exchange: NASDAQ
Sector: Industrials
Introduction:
Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been forming over the past 608 days.
Cup and Handle Pattern:
The Cup and Handle is a bullish continuation or reversal pattern that mimics a teacup with a handle on the right side. It's defined by a rounded bottom, followed by a minor pullback that forms the handle.
Analysis:
The previous trend for ODFL was in an upward direction, which was interrupted by a consolidation phase that manifested as a Cup and Handle pattern, potentially indicating continuation of the bullish trend. The so-called "lip" or the horizontal resistance of the pattern is at 374.41.
The price is significantly above the 200-day exponential moving average (EMA), reinforcing the bullish sentiment. Notably, two weekly candles have successfully closed above the resistance level.
Conclusion:
In light of the successful close of the candles above the resistance, a long position might be considered. In the event of a successful bullish continuation, the price target is projected to be at 515.51, which corresponds to a potential rise of around 30%.
Remember, this analysis should be part of a broader market research and risk management strategy and is not direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
EURUSD likes shapes.OANDA:EURUSD giving us a clean cup and handle followed by a breakout to another bull flag. Will bulls continue up?
This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
ALGN WCA - Cup and HandleCompany: Align Technology Inc.
Ticker: ALGN
Exchange: NASDAQ
Sector: Healthcare
Introduction:
In today's analysis, we are examining Align Technology Inc. (ALGN) listed on the NASDAQ, a key player in the healthcare sector. The weekly chart shows us a potential bullish reversal in the form of a classic Cup and Handle pattern that has been taking shape over the past 448 days.
Cup and Handle Pattern:
The Cup and Handle pattern is a bullish continuation or reversal pattern that resembles a teacup with a handle on the right side. It is characterized by a rounded bottom, followed by a small pullback forming the handle.
Analysis:
Align Technology's previous trend was downward, depicted by the diagonal blue dashed resistance line. However, this downward trend appears to be interrupted by a Cup and Handle pattern, indicating a potential reversal to the upside. The horizontal neckline of the pattern is located at 367.91.
The 200 EMA, currently at 348.74, is located near this horizontal neckline, underscoring the importance of this zone. The price is above the 200 EMA, signifying a bullish environment. In case of a successful breakout above the neckline, a long position may be considered. The price target in such a scenario would be 561.52, representing an estimated rise of 52.58%.
Conclusion:
Align Technology's weekly chart presents a promising bullish reversal setup. This setup, if confirmed by a breakout above the neckline, could offer an attractive long trading opportunity.
Please remember, this analysis should form part of your overall market research and risk management strategy, and is not direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you successful trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
$AMD Cup and HandleI see a cup and handle on NASDAQ:AMD
Charts saying in could pump 10% to $124 or possibly all the way to the high at $132.
Defiantly would watch it hitting the 200 SMA. This would be a great spot to take profits or exit the trade.
Stochastic RSI is also on the way up.
Cup with handle Bullish pattern having Cup with handle pattern in chart at life time High
May give opportunity to get high levels
USDCAD reclaims the handle of the cup and handle...OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R.
Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
Tea Time With Palantir - Pinkies Up 🍵Palantir is forming a cup and handle on the weekly charts.
The volume reduction indicates pattern correlation meaning price action, based on that volume reduction, will probabilistic follow the chart formation and we should see some consolidation and ranging before moving higher.
That being said, earnings is coming up on 08/07/23 and this could act as a catalyst with a strong beat leading to continuation without a true handle forming.
Radix is down at the support lineAfter a major swing upside, Radix is coming down to the support level. On the daily it's likely(!) you will see positive divergence on the RSI in the upcoming hours/days.
Even the cup-and-handle formation is still in charge to be formed although it will be take longer then I primarily thought it would take to create. A lot depends on how the whole economy and crypto-market will develop.
NKLA round bottom reversalNKLA has reversed a trend down in the past week as it clear concerns with potentially being
delisted with NASDAQ. The symmetry in the trends is shown with an arc overlaid. This
brings to mind a cup and handle pattern in progress. It seems likely the NKLA will have
a bullish continuation from the good news of stability of its NASDAQ listing. Potential
buyers on the sidelines may take positions and generate momentum. I will trade a long
trade early in this upcoming shortened trading week. The longer-term anchored VWAP provides
support as so just under that will be the stop loss. The first target is 1.70 which was a
resistance level a few weeks ago.
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks,
Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks.
Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play.
I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action.
Happy trading!
OnePath
📈 4 BULLISH PATTERNS YOU NEED TO KNOW📌How to easily identify these patterns?
🟢Cup and Handle Pattern
The cup and handle pattern is a bullish continuation pattern that typically occurs after a significant uptrend. It is characterized by a U-shaped "cup" followed by a smaller consolidation known as the "handle." The cup portion represents a temporary pause or correction in the price, forming a rounded bottom. This signifies that selling pressure has diminished, and buyers are stepping in. After the cup formation, the handle is formed as a slight downward drift in price, usually in the form of a small consolidation or a shallow retracement. The handle represents a final consolidation before the resumption of the bullish move. The handle should be relatively smaller in size and have a downward-sloping price action.
🟢Double Bottom
The double bottom pattern is a bullish reversal pattern that signifies a potential trend reversal from bearish to bullish. It consists of two consecutive lows that are approximately at the same level, forming a support level. The first low represents a selling climax or a period of intense selling pressure. After the first low, the price rebounds and retraces to form a temporary high, creating a potential resistance level. However, buyers step in again, pushing the price back up, resulting in a second low that matches or is very close to the level of the first low. This double bottom formation indicates a significant level of support where buying interest outweighs selling pressure.
🟢 Bullish Flag
The bullish flag pattern is a continuation pattern that occurs after a strong upward move in price. It is characterized by a brief period of consolidation, where the price forms a narrow and rectangular range, resembling a flagpole and a flag. The flag portion of the pattern is typically slanted in the opposite direction of the initial price move. The flagpole represents the initial strong upward move, indicating a surge in buying interest. Following the flagpole, the price enters a consolidation phase, represented by the flag. This consolidation allows the price to stabilize and absorb selling pressure. The flag pattern should have parallel trendlines that contain the price action.
🟢Inverse Head and Shoulders
The inverse head and shoulders pattern is a bullish reversal pattern that indicates a potential shift from a bearish to a bullish trend. It consists of three consecutive lows, with the middle low (the head) being lower than the two outer lows (the shoulders). The pattern resembles a head between two shoulders. The left shoulder forms as the price declines, followed by a subsequent rally to create a temporary high. The price then retraces, forming the head, which is lower than both the left and right shoulders. After the head, the price rallies again to form the right shoulder, which is usually slightly higher than the left shoulder.
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Long Trade in UUnity is a big player in the metaverse space since the company specializes in real-time 3D content. The company is also deep in AI development which is a space I want as much exposure to as possible.
The stock has had a hard time getting above the $43 level, but the recent surge in volume looks like the fuel it needed to power to new highs.
If you zoom in on a daily chart, you will also notice a cup with handle pattern forming here.
The big clue for me is the volume. Look at the big surge of activity as the stock ramped up the right side. There is a huge appetite for this stock which is unsurprising given the AI theme of the current bull market.
4003: Mouwasat_C&H (Bullish Diver.)Mouwasat has taken a correction
Positive Divergence on hourly is observed.
Aiming for C&H completion Targets
Entry @CMP (242 - 243)
SL (241.5) 0.6%
TP1 (247.6) 1.7%
TP2 (253) 4%
AXS/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the AXS/USDT trade setup.
AXS looks good here. Breaks out from the cup and handle pattern in 4hr time frame and currently retesting the neckline. After this successful retest, we can expect a good 30-35% move to the upside. Long some here and add more in the dip.
Entry range:- $6.10-$6.25
Target1:- $6.80
Target2:- $7.44
Target3:- $7.86
Target4:- $8.30
SL:- $5.90
Use low leverage (5x-6x)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
🚀💥 Unleash Profits NASDAQ Buy Signal! Don't Miss Out! 💰💥 Get ready to ride the wave of potential profits as NASDAQ presents a compelling cup and handle pattern—a highly reliable setup that often leads to significant price gains.
What makes this setup even more enticing is the neckline, which is positioned at the critical level of 15,000. Breaking above this level signals a significant shift in market sentiment, as it now acts as a solid support, attracting eager buyers looking for opportunities to join the uptrend.
With the breakout now confirmed, it's the perfect entry point to jump on board this bullish rally. Keep your sights set on profit targets, starting with 15,150, followed by 15,300, and ultimately aiming for 15,450.
Remember to monitor the market closely and adapt your strategy as necessary. Keep an eye on key technical indicators and price action to validate the bullish momentum. And of course, always stick to your risk management plan to ensure a successful trade.
Don't miss out on this exciting opportunity to ride the NASDAQ to new heights! Buckle up, stay focused, and let's navigate the markets together. 🚀📈💪
Don't forget to press the like button if you think this insight was helpful🚀
