$NFG gas industry leader near breakoutNational Fuel Gas Co l is a diversified energy organization headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: exploration and production, pipeline and storage, gathering, and utility.
The stock is in a confirmed uptrend and has formed a cup & handle with a buy point at $73.
Investors Business Daily gives a Relative Strength rating of 92 and Ranks the stock first in its industry.
AMEX:UNG had a really bad day yesterday which could affect NYSE:NFG and the rest of the industry.
I'll let the price guide me. If it breakouts with heavy volume I'll buy. If not, then I won't buy. Simple.
Cupandhandlepattern
BNB: Bearish Inverse Cup & Handle!!Hello Guys,
BNB is looking bearish here. It is forming inverse cup & handle pattern (which is generally a bearish pattern).
Important support area is $273-$278 (support line of inverse cup & handle pattern).
If it breaks below the support then we can see more dump ($250ish area)
You can open a short position after breakdown of support area with low leverage.
SL: Above $311
if you like this idea then do support it with like and follow for more.
Also, share your views in the comment section.
Thank You!
DOT cup and handle#DOT/USDT
$DOT shaped a Cup & Handle pattern in 1h time frame!
🐮 breaking out the middle and upper line of descending channel that is the handle will confirm this pattern and will bring it up to touch 2 fib level of the cup which is around $8.4.
🐻 breaks down from the lower line of channel will invalid this pattern and can drop price to middle line of daily descending channel around $7.
$DLTR, CMT Investment Challenge - 1st TradeDolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on NYSE:WMT . That's why stocks like NASDAQ:DLTR and NYSE:DG came right back up. This shows strength and leadership in its industry.
Inside the handle it has formed a shark pattern with pivot buy at $169. This volatility contraction usually signals that an agressive move could follow. My stop loss is just below last week's low.
Investors Business Daily gives a RS rating of 96 and Ranks the stock in 2nd in its industry behind NYSE:BJ .
The retail leader has reported 4 quarters in a row with YoY growth. Last quarter published a +6% in revenue, +34% in profit margins and +48% in EPS growth. This fundamentals may act as a driver for institutions to buy the stock.
BGRIM | Elliott Wave Analysis - Leading Diagonal Cup HandlePrice action and chart pattern trading
> Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support
> Expecting a candlestick tight formation for reversal pattern formation before entering a long entry.
> The target 3-wave confirmation should break out the upper channel resistance.
> The final target of cup & handle at 2.618 extension zone
XAUUSD SPOT GOLD LONG SWING Cup & Handle PatternOANDA:XAUUSD
The 4H XAUAUD is set up on the finish of a cup and handle pattern
and so bullish continuation is about to ensue.
The chart shows the depth /height of the cup.
I will enter when the basis of the Bollinger Bands reverses into an uptrend.
Stop loss will be outside the LBB at that time or alternatively the recent swing low.
Targets, as drawn to the chart, are the POC of the volume profile, the triple top of June
and the double top of May as also shown with arrows.
I expect this to be a high probability trade for a few months with a high yield compared
with the risk. Teh gold bull run will be fueled by continued inflation the erosion of
dollar value (DXY) as well as fear and the flight to safety (VIX).
What is your opinion ?
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG AMEX:BOIL
BOIL is showing a cup and handle pattern at present
lending increased probability of a bullish continuation
that could yield a 50% price rise over the 45-day width of
the cup. Macro and fundamental factors support ongoing
natural gas price escalations including the supply issues
in Europe, the heat wave from climate change causing
and so on. The cup and handle on a relatively long time
frame increases both its reliability and the time period
for which the pattern to play out.
TSLA LONG Cup and Handle Bullish ContinuationOn the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior
reported earnings, The cup portion completed with the recent earning about August 5th
while the handle is completed this week.
The cup is about $280 in height/depth while the time duration is about 90-95 days in
duration. This predicts a bullish continuation from the current market price of about the same
value making a target of $1190 before the next earnings in 80 days. Making
for a 30 % ROI over the same time. ( The uptrend and downtrend of the cups are
supported by relative volume as seen on the indicator.)
For a better understanding of the cup and handle pattern, see this excellent explanation
and discussion by GMEvsSPY
(link by permission)
TSLA possible Cup and Handle on the Daily Chart. $1290 targetTSLA appears to be setting up a cup and handle formation on the daily chart.
A measured move for this pattern would take price to new all time highs at 1290.43.
A nice bottoming pattern was put in over the last few months, and a new bullish sequence has been in play.
Short term target of 981.42 based on fib set up.
Nat Gas's Rally To Strengthen Fundamentals: The global Nat gas supply is one of the tightest in the commodity space. Historically hot weather all over the world -most notably in Europe and in parts of the US- has created an abnormal amount of demand for nat gas this summer.
Climate change and extreme weather are also now threatening the passage of cargo ships through the Rhine river, which could have big implications on the price of several European imports including nat gas.
All the while Putin looks to use his pipeline Nordstream 1 as a bargaining chip in the face of NATO sanctions. There has already been talk about a complete halt of Russian gas into Europe coming in the fall of 22.
Technicals: A cup and handle formation looks to have formed on the daily chart, currently in the final stage, in which NG1! should break out to new highs. Momentum is very strong on monthly, weekly, and daily timeframes. The volume for this rally is certainly not the strongest. NG1! found support and bounced nicely off the 50% retracement level of around 7.5. Despite the low volume, I think new highs are a lock here for US nat gas. This is a textbook cup and handle, I expect an upside target of 13.65 to be hit in the medium-term outlook for NG1!.
As always this is not trading advice. Good luck!
NG1! - Long - Futures - Cup and handleNatural Gas Futures from NYMEX has formed a cup and handle pattern.
We recommend a long position where, entry is at the breakout of the cup´s handle if, it is accompanied by a volume increase in trade of the natural gas futures.
Exit point is also shown in the chart.
NATTY to 13.600?A cup and handle formation has emerged in a great fashion.
The target of 13.600 was chosen as the distance between the top of the cup to the bottom.
Feel quite crazy setting a target of 13.600 for $NATGAS, but I'm also advising what the chart is telling me based on technicals.
But considering the current climate, from inflation, poor energy plans, Russia etc it doesn't seem too far fetched.
#3 Bullish Pattern: Cup and HandleRanked at #3 in the Bullish Pattern series is the Cup and Handle Pattern.
Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle.
The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup.
There are 2 types of Cup and Handles.
U shaped -A longer, flatter bottoms provide stronger signal.
V shaped - V quickly recovers, should be avoided.
Handles decline can be up to 1/3 of the cups right side with traditional handle performing a test at the 50% retracement level.
The price target is calculated using the bottom of the cup and the handles breakout.
In the case of CHWY, the breakout to the price target is nearly complete (may already be in at 52).
The next bullish pattern is #4 The Bull Flag
BOIL / GUSH RATIO- Leverage 3X Natural Gas ETFsAMEX:BOIL
BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse.
On this 30M chart I setup the ration between BOIL and KOLD.
This is to find precise swing entries without a lot of work for those only trading part time like myself.
At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position
on KOLD. Conversely, when the ratio is at an inflection bottom, a trader should exit KOLD
and enter a BOIL position.
This chart shows several patterns including:
a double or triple top which may breakdown as there is a newer cup and handle potentially breaking
out above the handle in continuation of the prior uptrend. It the present chart, the Bollinger Band basis line
the uptrending of its boundaries and the MACD all favor the probability of an uptrend., the spot markeri
All in all, I am waiting to buy BOIL since natural gas is being liquified and shipped to Europe to
make electric power to supply to air conditioner for the long hot summer. XNGUSD has had dramatic
action in the past couple of months, all good for BOIL's price action.
Three evening stars or three-bar plays marked with red down arrows.
If not in a position at present, the chart should be observed for the cup and handle pattern completion
towards a resumption of the uptrend. IF so, a BOIL position could be entered.
If it fails the triple top controls the price action and
a KOLD position could be entered.
This chart demonstrates the importance of looking for patterns to help guide
higher probability setup.
CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns'
Hi guys, cup and handle set up on ICP.
1. Previous to 1st cup lip rise in price > 30%
2. Right cup lip around the same price as left cup lip
3. Length of cup > 7 weeks.
4. length of handle > 1 week.
5. Invalid if daily close below 50% of the cup
These rules are based on Thomas N. Bulkowski
Targets are on the chart.. would suggest running a trailing SL to get max returns on this one.
Like and follow if you found this of use.
Not financial advise.