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Cup And Handle

TSLA weekly chart shows confluence.NASDAQ:TSLA weekly chart shows that it is coming into key demand areas around $205 to $215. The weekly chart shows a Wyckoff accumulation phase since the 2021 all-time high at $414.50, with a spring during Phase C at the recent lows below $140. This corresponds to the bottom of the cup, with Phase D of accumulation corresponding to the handle. A close over the weekly 200 SMA, currently at $232, will give room to the weekly 150 SMA supply. Reclaiming these weekly supply zones may lead to a break of the weekly handle, and a push up to the final weekly supply zones of the weekly upper Bollinger Band and upper weekly 100 linear regression channel ahead of $300 during Phase E, which may start at the end of this year or into next year. The trade is invalidated below the weekly 20 SMA, which is currently at $187.
NASDAQ:TSLALong
by DMT_Doctor
4
IDEA:CUP AND HANDLE FORMATIONThe NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy: 1. Cup Formation: The stock has undergone a rounded bottom, creating the "cup" part of the pattern. The left side of the cup was formed due to a decline in price, reaching a bottom before rising back up to the original level. This cup formation indicates a period of consolidation and accumulation, where buyers are gradually gaining control. 2. Handle Formation: Following the completion of the cup, the stock entered a small consolidation phase, forming the "handle." The handle typically slopes downward or moves sideways, showing a slight pullback. This pullback is generally short-term and should not exceed more than one-third of the cup's depth. 3. Breakout Point: The ideal entry point for traders is the breakout above the handle's resistance level. Traders should look for a significant increase in volume during the breakout to confirm the move. Target: The target price can be determined by measuring the depth of the cup and adding it to the breakout point. Target Price Calculation: Target Price: 25 Stop Loss: Place the stop loss below the lowest point of the handle to protect against a false breakout. Stop Loss Price: 15. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
NSE:IDEALong
by VanshikaUdeshi
1
$BTC to ~$275k | Cup & HandleWhile I was looking back at / patting myself on the back for this positively identified large-scale Cup-and-Handle pattern on CRYPTOCAP:BTC that I called out in Feb '24 I couldn't help but notice another one, on an even larger time scale . I don't make the rules: CRYPTOCAP:BTC to $275k. Not today, not tomorrow or next week, but by the end of the cycle- I would be shocked if this doesn't play out. With BER:M2V already starting to make a run back to the upside and rate cuts seemingly just around the corner, JPOW seeming dovish, election szn, the list goes on... Things could get wild very soon. IMO-- job's not done, hold on tight!
BITSTAMP:BTCUSDLong
by httpz
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
NASDAQ:AMDLong
by itay1542
1