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Cup And Handle

MPHASIS LTDTechnicals: --> Seems that during July 2023, the price of the asset took support on the trendline which was formed back in May 2021. --> From that point on, the price moved to complete the cup and handle pattern and also broke out of the pattern. --> After breaking out, the price had retested the new support levels formed basis C&H pattern. Please suggest if any error or omission in the analysis and if possible please let know if any of you done proper fundamental analysis from your side just to improve my self.
NSE:MPHASIS
by Prasad_Chenchu
GLRYH - 14 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BIST:GLRYHLong
by TheArtOfCharting
Allied Digital Services Limited - Cup and handle breakoutADSL has formed a cup and handle breakout on a weekly timeframe and is currently retesting the previous resistance zone. It seems like a good time to initiate a trade, as the stoploss would be relatively small, being just below the crucial zone which is now acting like a support. Although the target is relatively small as per the price pattern, it is best to use a trailing stoploss instead of having a predetermined target. Why? Because this is not a large cap stock, and hence can generate a strong momentum, which one might miss out on if they exit at a predetermined price. That said, this is not a buy recommendation, please do your own research before trading, and do maintain healthy risk management practices.
NSE:ADSLLong
by Amit_Thakkar_
$COIN FIB EXTENSION potential Cup & Handle forming!The next levels to look out for are: 172, 186 and do I dare say 230 after ER?? COIN has to retest 186 and blast through to 230 on next area of resistance on the fib extension. Good Luck to all if you are playing Earnings this Thursday! I will be taking profit and rolling contracts into 230s for 3/1 regardless if up or down, I will average in if it drops but expect COIN to keep the momentum flowing. I expect a beat and raise on guidance! Chart just looks too good for it to not pop, proceed with caution!
NASDAQ:COINLong
by willgiordano1
5
3 Accurate Predictions Made by AI for TeslaIn the rapidly evolving landscape of financial markets, Artificial Intelligence (AI) has emerged as a pivotal force, transforming traditional trading strategies into sophisticated, data-driven methodologies. This article delves into the role of AI in identifying and capitalizing on market trends, focusing on recent successes in detecting bearish stock patterns in Tesla (TSLA) shares. Through a detailed analysis of three distinct patterns—Cup-and-Handle Inverse, Head-and-Shoulders Top, and Broadening Wedge Ascending—this discussion illustrates how AI technologies, particularly those developed by Tickeron, are reshaping investment approaches. The AI Revolution in Stock Market Analysis The integration of AI in stock market analysis marks a significant shift from human-driven decision-making to automated, algorithm-based strategies. AI's capacity to process vast datasets, recognize patterns, and predict market movements is unparalleled. These capabilities enable traders and investors to make more informed decisions, often with higher accuracy and speed than traditional methods. Tesla's Bearish Patterns Prediction #1. Downtrend Detected Cup-and-Handle Inverse Pattern On December 7, 2023, Tickeron's AI advisor, A.I.dvisor, detected a Cup-and-Handle Inverse pattern in Tesla's stock, indicating a potential bearish turn. Initially priced at $242.64, the stock was monitored closely until December 12, when the bearish trend was confirmed, and a target price was set. By January 12, 2024, Tesla's stock reached the target price of $223.07, offering a 9.83% gain for those who shorted the stock based on the AI's prediction. Prediction #2. Downtrend Detected Head-and-Shoulders Top Pattern Simultaneously, A.I.dvisor identified a Head-and-Shoulders Top pattern for Tesla on the same dates, with the stock also priced at $242.64. This pattern, another indicator of a potential price decline, led to a similar outcome. On January 12, the stock price hit the target of $222.45, again resulting in a 9.83% gain for traders who acted on the AI's advice. Prediction #3. Downtrend Detected Broadening Wedge Ascending Pattern A more recent analysis began on December 14, 2023, when a Broadening Wedge Ascending pattern was detected in Tesla's stock, then priced at $251.05. This pattern, confirmed on January 3, 2024, signaled another bearish trend, culminating in the stock reaching a target price of $233.59 by January 9. This pattern offered traders a 6.44% gain, further showcasing AI's prowess in predicting market movements. The Role of Tickeron Patterns and AI Robots Tickeron's innovative approach to market analysis encompasses the development of AI robots capable of scanning the market for specific patterns. These patterns, such as the Cup-and-Handle Inverse, Head-and-Shoulders Top, and Broadening Wedge Ascending, are key indicators of potential market movements. Tickeron's AI robots not only identify these patterns but also provide actionable insights, including target prices and potential gains, thereby equipping traders with the information needed to make strategic decisions. New Robot factory from Tickeron Trading Results for last 12 months TSLA AI Robots (Signals Only) AI Robot's Name P/L Swing trader: Downtrend Protection (TA) 73.57% Trend Trader: Popular Stocks (TA&FA) 37.41% Day Trader, Popular Stocks: Price Action Trading Strategy (TA&FA) 36.66% AI Robots (Virtual Accounts) AI Robot's Name P/L Swing Trader ($700 per position): Hedge Fund Style Trading (TA&FA) 77.75% Swing Trader, Popular stocks ($1.5K per position): Mixed Strategy (TA&FA) 65.65% Swing Trader, Popular stocks ($700 per position): Mixed Strategy (TA&FA) 59.95% Conclusion The integration of AI in financial markets represents a paradigm shift towards data-driven investment strategies. Through the lens of recent bearish patterns identified in Tesla's stock, it's evident that AI technologies like those developed by Tickeron are at the forefront of this transformation. By leveraging machine learning algorithms and AI robots, investors can navigate the complexities of the stock market with greater confidence and precision. As AI continues to evolve, its impact on financial markets is poised to deepen, offering promising prospects for the future of trading and investment.
NASDAQ:TSLAShort
by tickeron
Bitcoin Next MoveCME:BTC1! CRYPTOCAP:BTC needs to hold 45.6k for bullish sentiment to challenge all time highs. Currently CRYPTOCAP:BTC has broken GETTEX:52K and if a retest hold's at 48.5k this would be extremely bullish for Targets to 58k, 65k and ATH 69355. While this is the larger picture, there are moves on smaller time frames allowing entry for trades or building positions. Should support zones not hold, shorting CRYPTOCAP:BTC to areas of value is an option but you need to be slick on entries via multi-time frame analysis. If you appreciate my efforts, spend half a second and give me a Boost! Thanks!! 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.
CME:BTC1!
by imr4nkh8n
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:BTCUSDT 😊Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). ➡️Bitcoin's recent performance has been strong Short-term long positions are risky via overbought RSI A correction may precede a potential move past $50k ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Cup and Handle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
6
Freshworks possible BUY ideaFreshworks, ticker FRSH, is looking good for buying at the moment. This IT services and customer resource management software company, reported it's first operating profit quarter since becoming a publicly traded company. It competes with giants such as Salesforce(CRM) and ServiceNow(NOW) What to consider? 1. Stock has already jumped from the smaller Cup and Handle formation on December 13th, and its upward move was great, with increase in buying volume and price rise. It went from $21.17 to $24.15, closing above its 52 week high on Friday, December 15th. 2. I will be looking for the stock to make some price pullback for me to enter it. Best price I will be looking, for entering, will be on 50% Fibonacci retracement line, sitting at around $22.48-$22.5 price level. I love adding to a position or entering one on that Fib level. 3. If I am to enter on that level, my stop loss will be around 78.6% Fib level, which is sitting at $20.88 price level, which is a good price level, a deep stop loss level, since it is some 13-15% away from the current stock price. So, this basically means that I would like to give some breathing room for this stock. This will be my scenario A. Scenario B, is the one which is happening at the moment. We are having a bigger Cup but without the Handle, which was broken on Friday. If we check the depth of the Cup and try to catch the entire depth of the cup, we could see the price rising to some $30ish levels. Which will be just above the previous resistance line, sitting at $29.7-8 price level. Surely, there will be couple of good opportunities with this stock. Will keep you all updated!
NASDAQ:FRSHLong
by De_Banis
Could PULSEX do a 12X from here?That is the Logarithmic cup and handle target The current price is also around about the rate after bonuses that supporters of free speech and movement :) received with bonus amplifiers if they were in a large pool --- roughly I don't know the details So it makes sense that numbers slightly above a 10X is where Pulsex may struggle, to get much beyond. Lets see how this plays out good luck in your speculations. #PLSX #PLS #HEX #RichardHeart #SEC
PLong
by BallaJi