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Cup And Handle

The speculative cup and handle is now valid and in playAfter the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above the rim line in jsut the next few days. There are still a couple speculative aspects to this chart. I went ahead and picked a random guesstimate for the length of the handle that I drew with the red trendlines. I tried to make it wider than it might actually be just to try to keep the price action inside its parameters as it develops…I also took its depth down to around the daily 50ma(in orange) it could go lower than that, or it could already have reached its lowest point, I felt doing so would be a nice middle ground for wherever it eventually finds its lowest point to be. Lastly where I placed the dotted green measured move line is also currently speculative…as always I just guesstimate an breakout point for the emasured move line until we have validated the breakdown then I go back an adjust the measured move line accordingly to get the most precise breakout target. Good news is where ever this thing eventually breaks out the target would be somewhere around 130k or higher. Now for the more bearish scenario, Iwent ahead and cloned the rimline of the cup and found that when I put it on the bottom and make a channel with it, there were enough pivotal candlestick touches on that line that not only is the cup and handle very valid so is the channel, this means should we somehow experience some sort of massive black swan, that it would be possible for price action to drop far enough to retest that bottom channel trendline and in turn nullify the cup and handle. This seems like a much lower probability than the cup and handle triggering its validation but it is indeed still a possibility…also, should it do something like that, and the channel becomes the more valid pattern, the breakout target of the channel would be roughly the exact same as whenever we were to break up and out of the cup and handle anyways, so to be honest, a retest of the bottom of the channel would actually be an even greater opportunity than if we just went ahead and broke up from the cup and handle itself because it would allow us to accumulate much more at a much lower price and the percentage of gains that could be made from all the way at the bottom of the channel to the final breakout target would be much higher. For now though I think just breaking up from the cup and handle is the much mroe probable outcome, but I am always ready for the less probable outcomes to occur as well. Really, in my opinion, no matter what happens in this situation, it’s a win win. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
1
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM Original Chart : Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details. Fibonacci Extensions and Price Targets Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection. Moving Averages and the Golden Cross Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.” Volume Profile and Key Levels between $200-$240 The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative. Mapping Out the Bullish Scenarios So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line. Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
AMEX:IWM
by seaphoss
1
BTC bullish breakout sets the stageThe past month I recently decided to move all of my chart analysis posts from X over to TradingView, so I'm going to be picking up here where I left off over there. The last time I posted about COINBASE:BTCUSD I was watching the long term cup and handle pattern and how price was reacting to the upper resistance area of the handle. For the most part, price had been holding steady just below resistance ( FWB:67K ) then we got the breakout 2 week ago. At that point we have a confirmed breakout of the pattern. Price did pull back quickly but continued to hold above the breakout level which was a positive since, where it's been holding steady until yesterday... The past day Yesterday's election gave the catalyst to push BTC back up and to new all time highs. That essentially gives us a breakout, pullback and successful backtest of support which further solidifies this large cup and handle pattern. With all of that said we still use proper risk management as traders. Looking ahead As for the bigger picture, I think this sets up BTC for potentially a very large run. Using log targets off the 2021-2024 cup and handle, that gives a price target of just over $300,000. Whether the market will actually reach this target sooner rather than later remains to be seen, but we now have clear parameters to manage our position around. As for invalidation levels, the setup would become at risk if price reversed back below the breakout level in the near term or if price broke below the low of the handle in the long term. To keep the wind under the bulls sails we really want to see price holding above the top of the cup. Fundamentals I typically don't focus on fundamentals since I'm mainly a price action trader, but I think the impact of yesterday's elections can't be ignored. Yesterday's elections were one of the most significant fundamental shifts to the crypto space in years, as we saw a huge number of pro-crypto candidates win their seats (2:1 margin over the anti-crypto candidates). In addition to that we saw the most pro-crypto presidential candidate of our lifetime win the presidency. This will likely mark a new era of pro-crypto policy and the removal of some very powerful anti-crypto people, like Gary Gensler. This overwhelming victory for crypto lines up well with the bullish long term price action we've been seeing forming in BTC over the past year.
COINBASE:BTCUSDLong
by krugman87
QUESS NSE 6Yr Trend LINE Breakout WTF/MTF QUESS NSE , Price has Broken out of a 6Yr Trendline on the Weekly and Monthly time Frame (WTF/MTF) Price is currently hovering above 50 EMA with 21EMA above 50 and 200 respectively in DTF suggesting a Corrective/Pullback of a Bullish Trend QUESS is trading above the 50% FIBO Retracement Range on DTF Enter when Price closes above High on WTF with 25% Quantity. SL @720 Add progressively. at higher Close Add 50% when price closes above 1000 completing the RBC with a retest.
NSE:QUESSLong
by billpramod
SEQUENT:NSE RBC&H 2Y-8M onDTF/WTF/MTF PositionalSEQUENT Analysis WTF TRADE PLAN ENTRY -200-205 25%Qty, 25% Qty @ 190 Add further above 225 SL -187 TARGET --01-243 @27% gain, TGT02--335 @75% gain from 202 Hold For a Year or TGT 2 Keep in your Priority Watch List Chart Pattern : STOCK has recently broken its 52W HIGH of 202 forming a 2Y-8M RBC on the DTF/WTF/MTF. Currently on a Pullback to form a Handle ON DTF. The FVG on WTF, can get an Entry price of 190 INDICATORS EMA : The Price is Currently Trading above 20EMA, and 20EM crossed above 50EMA in DTF/WTF early July. 50EMA came close to 200EMA in June in WTF then turned upwards confirming the Bullish Continuation. STOCK EMAs are currently aligned in a ascending order 200 to 20 and moving apart indicating a bullish Trend continuation on DTF/WTF/MTF. FIBO E : After the Bounce-back from 61%FIBO Retracement Level, Price is currently trading near the 127% FIBO Extension level of 211 on WTF Impulse uptrend with ChoCH at 174 on DTF Volumes: There is a uptrend in Volume on the Weekly Charts for1 Weeks and currently in Pullback. Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk-apetite. Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap SWING/POSITIONAL Trade
NSE:SEQUENTLong
by billpramod
SAREGAMA:NSE ATH+RBC 3Y-8M BO on DTF/WTF/MTF PositionalSAREGAMA Analysis WTF TRADE PLAN ENTRY -580-590 SL -550 DTF CLOSE TARGET -01-817 Hold For a Year or TGT Chart Pattern : SAREGAMA has a clear 3Y-8M RBC&H completed STOCK has recently broken its ATH of 581 forming a 3Y-8M RBC&H on the DTF/WTF/MTF. Pullback to form a Handle completed. INDICATORS EMA : The Price is Currently Trading above 20EMA, and 20EM crossed above 50EMA in DTF in Last Week of Sept. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF/MTF. FIBO E : After the Bounce-back from 50% FIBO/R Level, Price is currently trading near the 50% FIBO/E level of 597 on DTF Impulse uptrend with Bullish ChoCH at 550 on DTF Volumes: There is a uptrend in Volume on the Weekly Charts for3 Weeks after the BO & Retest.. Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry). Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap SWING/POSITIONAL Trade
NSE:SAREGAMALong
by billpramod
BTCUSD morning updateTechnical analysis of BTCUSD. This count has price in wave ((2)) of iii. Wave ((1)) of iii completed in March 2024. Wave ((2)) could be seen as a regular flat or a zigzag, depending on how you count wave ((A)). Wave ((2)) could also be seen as a more-traditional "cup-and-handle" pattern, with the handle being formed now. From an Elliott Wave perspective, if this count proves correct, wave ((C)) would be in progress and the ~58.5k price area would seem to be a good place to go long. Wave ((A)) projected on the wave ((C)) is at the .618 around 58.5k, and 58.5k is about where the .618 projection is from the top of wave ((B)) to the bottom of wave ((A)). If the wave ((C)) impulse is fast enough, the median line of the pitchfork would be tagged in the 58.5k area as well.
INDEX:BTCUSD
by discobiscuit
Bitcoin's Bull Run Now Has Price TargetsThis was a historic Two Month Close . For only the 6th time in Bitcoin's History we have a Green Star Candle on the MRI Indicator. All Prior Green Stars have lead to bull runs of at least 6 months and gained over 100%. All but one led to MRI Tops with the only one that failed to reach it's MRI Top (with Down Arrow) would have been a 2nd consecutive MRI Top, which would have been an unprecedented and unreasonably extended bull run. We Also have a Cup and Handle Target of $105,000 based on the $45,000 dip in Q3 of 2022 & we have a similar target of $102,000 from the 1.618 Fibonacci Extension which has also been achieved quickly in all prior times of All time High Breaks coming out of a Bear Market. * All 3 Targets mention above are between the $100,000 - $140,000 Range, which is VERY Conservative for 2025 as the 4 Year Halving Cycle enters its most Bullish Phase! Thank You, Tone Vays
INDEX:BTCUSDLong
by ToneVays
3
JYOTISTRUC :NSE RBC 9.5Y BO WTF/MTF POSITIONALJYOTISTRUC :NSE STOCK Analysis TRADE PLAN (DTF Close Price for POSITIONAL ENTRY - 36 50% Qty, Add 50% qty 47 DTF Close SL - 26.5 TARGET --01- 47.2 , TGT02-- 65.7 Hold For a1 +Year or TGT 2 Chart Pattern : STOCK had a 18 Month Streak to Touch an 9.5Y high of 32.3, forming a Rounding Cup Pattern.Quarterly Results Due next Week INDICATORS EMA : The Price is Currently Trading above 50EMA, and 20EMA is Above 50EMA in WTF. STOCK EMAs are currently in Ascending stage of alignment where this week a 15%+ price rise with considerable Volumes indicating start of a bullish Trend on WTF/MTF. FIBO/E : Currently the price is well above 50% FIBO Retracement Level, Entry can be take as per your risk ability. Safe Investors Enter above . Volumes: There is a surge in Volume on the Weekly Charts for1 Weeks after the few weeks Pullback. Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:JYOTISTRUCLong
by billpramod
SIRI - Getting Sirusly BullishSiri earnings are here and there are MANY reasons to be bullish. Fundamentals Warren Buffet's Berkshire has been buying relentlessly over recent months. The stock is down 68% from its high in July this year. Siri's earnings have been exceptional for years. Tomorrow (31st October) is predicted to be no different. Gross margins of 49%, EBITDA margin of 29% and P/E ratio of 8.2 in prior quarter. Technicals RSI has put in a higher-low & is giving us a glimpse of divergence. The price recently put in a lower-low, suggesting selling pressure is limited from here. From a technical perspective, NASDAQ:SIRI is just about to complete a 7 year accumulation phase in a wedge pattern (yellow). When it does so, it will also put the finishing touches to an inverse head & shoulders (or cup and handle) pattern that has lasted 23 years. That head was a HUGE elongated structure, after the stock was teetering on the verge of bankruptcy in 2008/9. By taking the height of the H&S structure and applying it on-top (white arrows), you get an eventual price target (T2) of, that's right ....$10,100 a share. 370x from current levels. That T2 target also corresponds with the 2.0 fibonacci level. An earlier more modest initial target is the 1.414 fib, of $530 (19.3x). This coincides with it's prior all-time high and where the stock may find a place to rest for a breather on it's meteoric rise. An extended T3 target for the 2040s would land in the fib pocket (2.272/2.414) priced at between $40k - $80k a share. And yes. I'm deadly Sirius . Summary NASDAQ:SIRI looks like it will be shining bright until at least 2030, and likely beyond. One of the best value investors of all-time agrees (at a time when he is raising significant cash from Apple & Bank of America) amidst uncertainty & a transition of infrastructure. Satellite communication companies are really about to kick into their adoption phase. We may all soon realise why Siri is a crucial part of that future.
NASDAQ:SIRILong
by DigiDavid
4
AMZN 50%+ UPSIDE!!! CUP N HANDLE PATTERN! BREAKDOWN BELOW:NASDAQ:AMZN #Earnings #BlackFriday I PRESENT TO YOU: 🎁 🔜 THE NEXT 3T MKT CAP COMPANY Behold the beautiful CUP 🍵& Handle 👌#chartpatterns #trading #tradingstrategy #Stock This tea is going to taste delicious when we finally break over $201.20. NASDAQ:AMZN has been a laggard and it's time for them to play a little catch up! 🧧 Not much explaining needed with this one...Cup n Handle breakout means we are going to the measured move destination of...🥁🥁🥁....$310.69 ‼️‼️‼️ CATALYST: 😼 ✔️Continued AWS growth and dominance! ✔️Stellar holiday quarter (best quarter of ea. year) ✔️MONEY PRINTER (ATH Free Cash Flows (FCF) ✔️Better margins and #3 player in Ad space! NASDAQ:AMZN is a 17% in my LT portfolio. Also, I have several options plays on this name. Gonna be a fun ride! 🎢 Like and follow for more great charting and stock talk! Not financial advice 🖖 NASDAQ:QQQ AMEX:SPY AMEX:IWM NASDAQ:BIVI
NASDAQ:AMZNLong
by RonnieV29
5