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Cupandhandlepattern

CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
NYSE:CVNALong
by ZachSap
The last bullish chance of LRC in Mid term !Hi. COINBASE:LRCUSDT LRC is in a Bullish phase by Ascending Triangle & Cup & Handle. - You can look for reasons to enter according to your own personal strategy after approval. ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
2
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.
AMEX:CONYLong
by Rocketman
15
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern: It is a Cup & Handle inside another Cup & Handle! What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000% The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100% But look at larger picture! While you go to 1000% you can make small profit takes on the way up
PANCAKESWAP:BTAFWBNB_7AC443.USDLong
by CCCLopes
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS
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.
NASDAQ:MSFTLong
by AwesomeAvani
Chota Packet Bada Dhamaka Supreme Power Equipment LtdTransformer Market size is valued at USD 54 billion in 2022 and is anticipated to grow at a CAGR of 7.2% between 2023 and 2032. o Large scale integration of renewable energy sources coupled with increasing electrification programs primarily across the emerging economies will accelerate the industry scenario. o Expanding urban infrastructure to proliferate product demand for commercial & industrial applications Power transformer market from the commercial & industrial applications segment is expected to exhibit nearly 7% growth rate between 2023 and 2032. o The global power transformer market size was valued at $27.7 billion in 2019, and is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027. Indian Transformer Market Size o The India transformer market is expected to rise at a CAGR of more than 5% during the forecast period. o The Transformer market in India can be pegged at more than INR 12,000 Crores. Power Transformers contribute 45 percent of the total market and distribution transformers, 55 percent. o Anticipating the huge domestic, requirement of power sector expansion and overseas demand, the transformer industry in India has more than doubled its manufacturing capacity over the last five years. o Transformer manufacturing capacity in India stands at ~370 GVA with capacity utilization rates hovering around 60- 70 percent on an average over the last 5 years. Power Sector o India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 416.59 GW as of April 30, 2023. o India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion kilowatt-hours (kWh) in FY23. o According to data from the Ministry of Power, India's power consumption stood at 130.57 BU in April, 2023. o The peak power demand in the country stood at 226.87 GW in April, 2023. Attractive Opportunities In Union Budget 2023-24, the government allocated US$ 885 million (Rs. 7,327 crore) for the solar power sector including grid, off-grid, and PM-KUSUM projects. • To meet India’s 500 GW renewable energy target and tackle the annual issue of coal demand supply mismatch, the Ministry of Power has identified 81 thermal units which will replace coal with renewable energy generation by 2026. In Budget 2023-24, Government has committed an outlay of Rs. 10 lakh crore (US$ 120 billion) during 2023-24 towards infrastructure capital expenditure compared to Rs. 7.5 lakh crore (US$ 90 billion) (BE) during 2022–23. Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 108% CAGR over last 5 years. Company has a good return on equity (ROE) track record: 3 Years ROE 67.2%. Debtor days have improved from 114 to 83.3 days. Company's working capital requirements have reduced from 87.0 days to 67.8 days
NSE:SUPREMEPWRLong
by iism-ExpertTrading
8
Celsius looks like it wants to reclaim a Dollar! :0Nothing really dies in crypto lol Theres always one more pump left lol Sad state of affairs to all the people who got their coins stuck in celsius But the the FTX fallout could give credence that people will actually made whole. Technically the chart points to good news down the road ..... or could be traders wanting to pump something that hasn't moved much already The two breakout levels are clear for all to be seen let's see what it can do.
CRYPTO:CELUSDLong
by BallaJi
9
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position. Share your thoughts!
Long
by FieryTrading
12
LPT ANALYSIS🔮 #LPT Analysis 💰💰 🌟🚀 There is a complete formation of Cup and Handle Pattern in #LPT. We are just waiting for a perfect breakout. If #LPT breakout with good volume then we will see a very good bullish move.🚀🚀 🔖 Current Price: $22.560 ⏳ Target Price:    $43.500 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #LPT. 🚀💸 #LPT  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
1
CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis! Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase. Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further. Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Long
by TradeChartPatternsLikeThePros
2
Awaiting BO of Cup with Handle in $NSE:TCSNSE:TCS Pattern details: Up-trend before forming a Cup with a handle pattern Cup with ~31% correction and length of cup 113 bars (791 days) Handle length is 9 bars (64 days) and ~7.5% correction. Manage to take support at 30 weeks EMA Bullish RSI divergence at the bottom of the cup Fundamental Notes: Operating margin for the latest quarter was 26% (the highest in the last 12 quarters) and for FY 2024 - 24.6% Net Profit QoQ 12,502 Cr. (Mar 24) vs 11,097 Cr. (Dec 23) EPS Profit QoQ 34.37 (Mar 24) vs 30.56(Dec 23) Net Profit YoY 46,099 Cr. (FY ending Mar 24) vs 42,303 Cr. (FY ending Mar 23) EPS Profit YoY 115.19 (FY ending Mar 24) vs 126.88(FY ending Mar 24) P/E: 29.9 ROCE: 64.3 % ROE: 51.5 % ROA: 32.5 % PEG Ratio: 3.64 PS: Awaiting BO of Cup with handle pattern Disc - invested, for educational purposes only
NSE:TCSLong
by shridharrathi
3rd try at breaking through long-term resistanceGold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the previous all-time high). After a recent shakeout and false breakdown from the handle pattern, it looks like it wants to test the all-time high again and this time there's a major catalyst (flight to safety due to all the uncertainty recently with the banks and the potential for yet another financial crisis). Due to that, I don't think you need to wait for a breakout of the all-time highs around $195 in GLD but that would be a safer entry (a monthly close above that level). Of course another shakeout from that level could follow because if I have picked up on this potential trade, then many others likely have also. Anyway, I am just speculating and not a financial advisor, if you decide to follow this please trade at your own risk and diversify (this trade won't break the bank for me personally if it doesn't work out and it shouldn't for you either).
AMEX:GLDLong
by PatientContrarian
Get $HIGHHi guys! 👋🏻 🔔 Highstreet has been recovering after a slide to its historic lows. The metaverse has recovered after several notable partnerships and looks to continue its progress in partnering with Web2 corporations. 🔔 RSI, MACD and this rising wedge signal an upcoming slide towards the next support at $3.8 - $3.5. Watch these levels closely. 🔔 The cup is there, waiting for the handle to be formed. When the pattern is completed, the next resistance will be at $7.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
DAX 🗝️ LEVELS TO WATCH 👀AND WHY 🤔Hello awesome traders, let's have a look at the DAX. I have a new analysis today as the previous exchange seems to be shut down. Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as follows: Target Zone 1: 62%: 19078.70 78%: 19817.23 Pattern Height: 100%: 20784.96
FX:GER30
by TradeChartPatternsLikeThePros