is this cub and handle ?or it just breakout the resistance levelis this cub and handle ? or it just breakout the resistance level (the down trend )
Cup And Handle
CONY: A Very Speculative Buy w/ Chart Pattern w/Bitcoin&CoinbaseFundamentals:
CONY is a covered call strategy. If bitcoin collapses again, the CONY will go bust. It could turn into a dividend trap. It is highly speculative. However, if bitcoin propels forward or goes sideways, then these two scenarios will be best for CONY.
Technicals:
Plan: To trade CONY buy observing health signals from bitcoin (BTCUSD).
Theory: Reading the tape is the same as identifying chart patterns with transaction volume.
BTCUSD is retesting its all time highs and consolidating.
BTCUSD has given two buy signals after re-testing all time highs: two morning stars on the daily chart.
BTCUSD daily uHd with extreme buy indicator.
Note: CONY today has issued a dividend of $2.7944 per share today; hence, the drop in the chart on CONY. Meanwhile, bitcoin has given a buy signal today. It is worth the risk.
Here is a daily chart of bitcoin with the buy signal:
CONY, itself, is within the 23.8% - 38% buy zone area of a large cup-with-handle pattern, after a minor successful cup-with-handle pattern within it that appear in February 2024.
If bitcoin does not collapse, then this could be the beginning of "wave b" or "wave 2" and end of minor 4th wave.
Comment:
I speculate that CONY will reach around $38 buy July or August 2024. The plan is to re-invest dividends along the way. I am treating the money invested as though all of it is gone, for now.
Ryan Specialty Holdings (RYAN): Super Stock!Fundamentals:
RYAN (Ryan Specialty Holdings) is a super stock in my book. The balance sheet is booming off the charts with accelerating earnings and sales. It is in a healthy industry and has great cashflow. Some off-loading of funds for a quarter, but that is probably temporary. 73% return on equity.
Technicals:
Daily:
Technically, on the daily chart, there is a cup-with-handle pattern to boot within a larger weekly cup-with-handle pattern.
Weekly:
Comment:
I already bought it around 55ish and at 49.87 before the breakout based on a higher time frame pullback. Target is 100 by end of year and stop is 41.77.
Russel 2000 ETF (IWM): cup-with-handle formingDAILY Russel 2000 ETF (IWM) cup-with-handle pattern
A break above 210.60 in June will send it flying to 232 by August 2024.
Weekly:
Weekly stage three Ichimoku crown pattern
Daily:
cup-with-handle pattern
first pb of new trend
5emas-macd pb
Ichimoku stage 3 with "FLY" bounce off cloud pattern
GBPJPY CUP & HANDLE PATTERN GBPJPY ins forming a cup and handle pattern on its daily chart the price is trading below the breakout 172.136.
ST: 169.913
Target zone 1:
62%: 182.524
79%: 185.309
Mara cup and handleThis long-term Mara cup and handle is looking ready to explode, the consolidation and downward movement has expressed itself fully at this point. The reversing stochastic RSI is hopeful and BTC is in a heavy contraction as well. This cup projection extends to about a 55$ share price but does not take into account any share dilution.
Bitcoin BTC Cup & Handle Possible on 4hBYBIT:BTCUSDT.P
Possible Cup & Handle on 4h CRYPTOCAP:BTC
Measured move 83k zone
Support needs to hold at 67k and 65k - would be buying opportunities depending on entry trigger.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
EURNZD: Classic Day TradeEURNZD shows signs of a bullish trend after testing a significant intraday support level.
There is a clear breach of a resistance line in a descending channel and a breakout of a neckline in a cup and handle pattern.
This suggests that we can anticipate an upward movement in the near future, with target levels at 1.7759-1.7820.
NZDJPY: Time to Buy 🇳🇿🇯🇵
NZDJPY formed a nice cup & handle formation on a strong horizontal support
on an hourly time frame.
I made a decision to buy the pair after a breakout of the neckline of the pattern.
I expect a growth now at least to 96.2
❤️Please, support my work with like, thank you!❤️
TCS is forming the cup and handle patter in one day chartIf TCS forms the cup and handle pattern, it will fly and hit the target price of 4948, providing a 35% profit.
Cup& Holder patternCup&Houlder pattern on weekly chart.Entry can be taken if closes above 60 on weekly chart. As it is a penny share one can take it in small quantity for a target of 72,85,92
2281: At Support Level or Cup & Handle (Watchout)2281 is forming a cup and handle pattern on daily timeframe.
Volumes are low
However, Price is at a significant support line confluence with volume POC
A trendline support is respected in the past.
If the support confluence is respected, price will go up and touch the TP levels of 123
However, if it breaks down then there is a long bearish rally.
Watch out to take positions.
Cup and handle on CURVCup and handle is forming on the CURV chart, after a nice round bottom that worked out perfectly as predicted in one of my previous analysis.
@PLTR - cup and handle on Weekly chartSeeing a Cup & Handle on weekly on PLTR . should spike soon.
Cheers.
$DOGEUSDNot financial advice.
COINBASE:DOGEUSD
Weekly candle chart.
Possible in the making of a cup and handle. For those familiar with the STRAT if it breaks pass the first yellow line will flip the previous year. Bulls need to be ready for that.
Like and follow for more ideas.
Thanks.
Cup O' The Morning!! - EUHere I have EUR/USD on the 1 Hr Chart!!
Price has been traveling in a Descending Channel and after the Test of the Support @ ( 1.0800 - 1.0810 ) last night, Price made a DRASTIC return to the Resistance!!
Upon the Price Action you can see that Price is getting ready to break BULLISH of this Channel via the CUP & HANDLE pattern forming!!
Price has given us the COMPLETION of the "BOWL"
NOW with price struggling to break to NEW HIGHS, we can expect price to come down looking for SUPPORT!!
Where at??
Taking the Fibonacci Tool, we see our Targeted Fibonacci Zone being the expected "Handle" levels are ( 1.08297 - 1.08381 )
*If price is unable to BREAK HIGHER, I will be looking for BUY OPPORTUNITES AT THIS ZONE!!!
My area of Profit Target, if the Pattern remains VALID up to the point of its Full Execution, will be the 1.0900 Area
$SOLUSDNot financial advice.
COINBASE:SOLUSD
Currently inside triangle for consolidation or distribution.
Scenario #1
Creating a cup and handle for a breakout to the upside.
Scenario #2
Breaks to the downside for a wave 2 according to Fibonacci numbers
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Thanks.
MSFT Bullish Continuation out of a Cup and Handle LONGMSFT on the daily chart shows the price action in the bull run out of the Covid lows then a
cup and handle pattern is printed and finally bullish continuation above the level of the cup.
Since the cup has a height of $145 and the level of the lip of the cup is $345, the pattern
forecasts bullish continuation for $ 145 above the cup's lip at $ 345 and so targeting $ 480.
I will continue to add to my MSFT position while watching for pivot lows on the 120-240 minute
charts. MSFT is a major player in the AI space and could even launch its own semi-conductor
division to compete with NVDA and the others. It has a healthy balance sheet and free flowing
cash from which to grow without dependence on interest rates coming down. The RSI indicator
shows consistent strength without signs of being overbought.
ETHUSDT1. ETH initial first big target will be $6000.
2. Have formed a huge cup and handle on the weekly now.
3. This is just the first big target from measured move from the bottom to top of cup and handle.
4. I eventually expect ETH to reach $9000-$10,000 this cycle.
MOBILEUSDT 10m Chart: Awaiting Volume Increase to Confirm Cup aBITGET:MOBILEUSDT is forming a Cup and Handle pattern on the 10m chart. For this formation to be confirmed, we need to see an increase in the asset's volume. If the handle confirms, the targets are aimed at the flow zones in the volume profile and the convergence of Fibonacci projection.
Formation of bullish pattern on uptrendThe formation of the cup and handle pattern in the uptrend foreshadows further move to the upside.
S&P500 INDEX: Growth Will Continue!
S&P formed a cute cup & handle formation after quite a strong
bearish movement on this week.
A bullish breakout of the neckline of the pattern
is an important sign of strength of the buyers.
I think that the Index will keep growing next week.
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Long Term IdeaHuge up and handle pattern playing out on the weekly chart. With a break over the .786 and now trying to push above the handle trend line.
What does everyone else think?
