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Cupandhandlepattern

#3 Bullish Pattern: Cup and HandleRanked at #3 in the Bullish Pattern series is the Cup and Handle Pattern. Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle. The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup. There are 2 types of Cup and Handles. U shaped -A longer, flatter bottoms provide stronger signal. V shaped - V quickly recovers, should be avoided. Handles decline can be up to 1/3 of the cups right side with traditional handle performing a test at the 50% retracement level. The price target is calculated using the bottom of the cup and the handles breakout. In the case of CHWY, the breakout to the price target is nearly complete (may already be in at 52). The next bullish pattern is #4 The Bull Flag
NYSE:CHWYLong
by SPYvsGME
7
BOIL / GUSH RATIO- Leverage 3X Natural Gas ETFsAMEX:BOIL BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse. On this 30M chart I setup the ration between BOIL and KOLD. This is to find precise swing entries without a lot of work for those only trading part time like myself. At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position on KOLD. Conversely, when the ratio is at an inflection bottom, a trader should exit KOLD and enter a BOIL position. This chart shows several patterns including: a double or triple top which may breakdown as there is a newer cup and handle potentially breaking out above the handle in continuation of the prior uptrend. It the present chart, the Bollinger Band basis line the uptrending of its boundaries and the MACD all favor the probability of an uptrend., the spot markeri All in all, I am waiting to buy BOIL since natural gas is being liquified and shipped to Europe to make electric power to supply to air conditioner for the long hot summer. XNGUSD has had dramatic action in the past couple of months, all good for BOIL's price action. Three evening stars or three-bar plays marked with red down arrows. If not in a position at present, the chart should be observed for the cup and handle pattern completion towards a resumption of the uptrend. IF so, a BOIL position could be entered. If it fails the triple top controls the price action and a KOLD position could be entered. This chart demonstrates the importance of looking for patterns to help guide higher probability setup.
AMEX:BOILLong
by AwesomeAvani
2
CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns' Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas N. Bulkowski Targets are on the chart.. would suggest running a trailing SL to get max returns on this one. Like and follow if you found this of use. Not financial advise.
COINBASE:ICPUSDLong
by mammamia2
$RRC, cup & handle with a explosion gap pivot play Range Resources Corp is in the exploration and production of AMEX:USO and AMEX:UNG in the US. It was recentlty feature in IBD and got me interested because its good looking cup & handle. Today managed to breakout with a gap. This gap should act as resistance. As the market still needs to prove itself, I won't buy this breakout but the breakout from today's high with a stop loss just below yesterday's high. This strategy is called Explosion Gap Pivot. It uses the gap range as support.
NYSE:RRCLong
by dpuleo19
2
BTC IS READY TO GO $26K!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is forming a cup and handle pattern in LTF and also it breaks out from the neckline of the cup and handle. Expecting a good bullish move up to $26k from here. Invalidation level:- Any candle close below $23.5k will invalidate this chart. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
8
TSLA - Long - Cup and handle pattern (NEW)The price is forming in a potential cup and handle pattern. If, the pattern forms then traders should take a long position. The stock is expected to have bullish breakout of the cup and handle according to the pattern. Entry level is at the horizonal entry line, entry is possible either, immediately after breakout of the cup´s handle with the volume surge or, a retest that confirms the resistance line as a new support level. Trade exit is highlighted in flag at the top of the arrow.
NASDAQ:TSLALong
by vf_investment
1
ETH cup and handle #ETH/USDT $ETH shaped cup and handle pattern in short term and broke out from resistance. 🐮 so price can have another leg up to touch 2 fib level of cup, which is the same with 0.382 fib level of daily swing down. 🐮🐮 breaking out from this resistance will increase price toward resistance zone between 0.5 and 0.618 fib levels that is the samw with descending trend line. 🐻 rejection from $1900 and break down ascending support will lead price toward support zone around $1600.
Long
by parissap
2
Rare PUMP pattern. Look for a "Base" on BTC🚀Every trader want to catch the pumps because only in this situation you can get the highest RR. In this educational idea we will talk about pattern which help you to identify upcoming pumps. It`s a base pattern. "Base" is consolidation pattern which is forming at the market bottom and a part of famous cup and handle pattern. "Base" is acually a copy of cup and it`s lead to PUMP✅when the price break up this pattern. 📊 Why base is important for the long traders❓ Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"! 📊 Why the formation of the base leads to PUMP❓ As i said the base is the consolidation pattern where the big players can accumulate enough✅liquidity from scared retail traders. 🔥In the most cases the base forming at the market bottom when the biggest part of traders think that crypto continue to DUMP and sell their crypto at loss or at breakeven. But who buys this huge amount of crypto? Of course this is someone who don`t scare - the big players. 🔥Additionally, the price "compresses like a spring" in consolidation range and when the crypto break up the base the "spring uncompresses" and PUMP begin. 📊 What indicator helps to identify the base and upcoming PUMPS❓ This is a basic volume indicator. The volume growth helps you to identify the bottom. A lot of crypto sells by retail traders and the volume bars grows. 📊 What timeframes should you use to have beggiest winrate (80-90%)❓ The higher the timeframe the better, especially for beginners: 1️⃣ 4h 2️⃣ 1d 3️⃣ 1w 🚩 You need to have experience and complete scalping studying to identify PUMPS at lower timeframes (5m, 15m, 1h). Look for the "base" on the higher timeframes then move to lower timeframes to have clear understanding of this pattern and find the best entry point. I use the trandline breakout to open a long before the pump. Maybe, you will share your tools to open a long before a pump? 🚩 Traders, do we have the base on BTC now❓ Are retail traders scared and think that BTC will fall lower? Let`s discuss it in the comment! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
30