Cup and Handle BreakoutNext target $6
Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement)
MACD on daily and weekly holding positive and accelerating
Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure
Improving oil and gas drilling fundamentals
Solid Q3
I was bullish on my previous post too early
CUP
I'm betting long to 0.002 at Least.. Lets Find out !Cup presenting itself.. where is the handle? Watch for breakout here.. mind you I'm already in at bottom ascending trendline over the year.. so well in the green..
Always got to be on the lookout for top formations though...
Good Luck !!
Good interim results sees BGO moving aheadAfter creating a cup pattern since March 2013,
BGO has every chance of moving much higher.
That depends on if it can profitably grow its business.
MGTI update - +125% GAIN VERY LIKELY! 14MO CUP+HANDLE BREAKOUT10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50
MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :)
I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days.
Once $2.70 is reached and if volume supportive , we have confirmation of a Cup+Handle breakout and first price target becomes $4.50
See my previous charts on MGTI for explanation of the why. But in short.
But in short... take your pick why we're going to the moon. WE'RE GOING TO THE MOON! BUY YOU FOOLS!
The charts don't lie:
3x bullish signals. 14 month Cup & Handle, falling wedge, double bottom.
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Cup and handle formed. No breakout yet.2 year cup and handle formed.
Although it completed last week, it hit resistance and some selling.
Will there be a breakout?
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should.
1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful.
2) If it breaks out below point B at 1.08334 then the reversal should be on.
Inverted Cup with Handle
" You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. "
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Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
future cup and handle to bring the price back up based on previous pump, weekly, daily, 3h, and 1h RSI and Stoch RSI. bitcoin will begin the last leg of the markt cycle (on weekly graph) and break highest high after the cup and handle.
ETH/USD 1D Cup and Rocket1D chart showing a cup and handle forming. Once the handle is complete, this new ATH should line up with Ethereums realease of Metropolis on Sep25.
AUDUSD 3 Setups Wedge in 5 - 30 min chart seems to be just breaking out
Cup pattern (4h chart clearer picture)
Channel consolidation breakout
XAGUSD | 54 min | silver cupLooks like to be a nice C&H formation about to pop higher for |silver| !
Cheers,
Keops
Cup and Handle Formation? Looks like a bullish pattern is beginning to form! Just need that handle! :D
NZDUSD CupJust retested the 100 EMA in D chart ( bottom of pattern ), broke out, but still lookingfor entry. I assume there will be more consolidation in lower time frames and or a retest of ine of the lower chart 100 EMAs. Maybe after the news today.
Potential cup & handle formation If a cup & handle happens my initial plan will change.
Hopefully we don't break trend and fall back to the ground.
PAYDAY PAY :)
BCC is going goodCup & handle breakout. Good build before taking of.
Lets see if we can break resistance and reach 103.
