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Cupandhandlepattern

Cup n' HandleUnconfirmed cup n' handle pattern on the 1h chart for BINANCE:HBARBTC What is confirmed? - We have a cup - We have a handle - We broke above the handle and have held above it - We've held above highs near the early formation of the left side of the cup What's required to complete confirmation? - Break and hold above the red line at 256 (252 was the highest close on the left side) Target? - 320 sats as an aggressive first target is displayed on the chart - aggressive because it's measured from the cup shape and its wick lows rather than the candle close lows to cup top - A more conservative target would be around 300, which may also act as a psychological resistance My nice graphic got messed up when posting, so here it is again: Notes: - I also prefer to see it remain above 233, and it needs to get back above 246 - Links to related higher timeframe ideas for HBAR are linked below - Cup top is the top of a current resistance area as seen on this other chart
Long
by dudebruhwhoa
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
Cisco Cup and HandleI noticed a Cup and Handle pattern forming on Cisco Systems - ticker CSCO, on the daily level. What will be my entry points and what are the things to consider: 1. My entry would most likely occur today, 19th of July, since I think that the stock will break from smaller moving averages once the market opens. Those moving averages are 10 and 20, my entry price is sitting at around $52-52.5 price level. 2. Stop loss for this position, in case something goes wrong, will be put at around $49.95 price level, which is just below it's previous low and way below the 10 and 20 moving average line, and around 50MA. 3. My profit point is sitting around $59 price level, but that doesn't mean that I will be exiting my position there. It means that if the price action is strongly acting bearish that I will close my position. If price action is in a strong uptrend, I will surely keep the position open. 4. I am planning on adding to a position at $58 price level, of course, if the price action is going as it should - pointing to a strong bullish move. I will make sure to update this buy opportunity, but please make sure to do your due diligence when investing.
NASDAQ:CSCOLong
by De_Banis
2
KAKOBANK WCA - Cup and HandleCompany: KAKOBANK Ticker: 323410 Exchange: KRX Korea Exchange Sector: Banking/Financial Services Introduction: In today's technical exploration, we focus on KAKOBANK, a prominent entity in the banking and financial sector. The weekly chart showcases a potential bullish reversal in the form of the Cup and Handle pattern, which has been developing over the past 50 weeks. Cup and Handle Pattern: The Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It's characterized by a rounded bottom (the "cup") and a consolidation (the "handle"), which precedes a breakout. Analysis: KAKOBANK's prior trend was bearish, as illustrated by the blue diagonal line. However, this downward trend seems to have been interrupted by a Cup and Handle pattern, suggesting a potential bullish reversal in the offing. The so-called "lip" or the resistance level of the pattern stands at 29,650 KRW. The stock's price remains above the 40 EMA, reinforcing the bullish sentiment. If the price successfully breaks out above the lip, a bullish run is anticipated. The projected price target based on the pattern's depth stands at 43,550 KRW, amounting to an estimated rise of approximately 47%. Conclusion: KAKOBANK's weekly chart puts forth a promising bullish reversal scenario. A successful breakout above the lip of the Cup and Handle pattern could pave the way for an attractive trading opportunity. --------------------------------------------------------------------------------------------------------------------- Remember, this analysis should be integrated into your broader market research and risk management protocols. It's not a direct trading recommendation. If this analysis proves helpful, please consider sharing, liking, and staying tuned for more insights. Happy trading! Best regards, Karim Subhieh Disclaimer: This analysis is for educational purposes only and shouldn't be considered as financial advice. Always undertake your own research and consult with a financial advisor before making investment decisions.
KRX:323410
by KarimSubhieh
3
Dlink has given a strong breakout!As seen in the chart, Dlink has formed a flag and pole which was broken 2 days back. The flag is a beautiful cup and handle pattern which justifies strength. This is an exceptionally good chart for a positional trade to buy on dips till 300 with an SL of 260. A swing trade is risky at CMP with SL of below 290 DCB. Targets can be 370, 400 and above. Note:- Idea is shared for educational purposes only. It should not be considered as a recommendation.
NSE:DLINKINDIALong
by chartistamey
NKLA Cup and Handle Pullback for Long EntryNKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes of shares as a remedy. There are upsides to "fresh blood". NKLA has been on the rise for two months albeit with some volatility as seen in the price oscillation from the base of the cup. The uptrend is that of a parallel ascending channel. The rise of the amplitude on the AO indicator is reassuring and shows the bullish momentum has the strength of bull legs. I see the pullback in the last trading session as a buy entry. Let's go long! If you are interested in my suggestions of the stop loss and targets or an equivalent options trade, leave a comment. If you found this idea helpful, please like and subscribed.
NASDAQ:NKLALong
by AwesomeAvani
6
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!
TVC:SPX
by DaddySawbucks
28
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🌟!
by CobraVanguard
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.
NYSE:ITW
by KarimSubhieh
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.
NASDAQ:ODFLLong
by KarimSubhieh