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Cupandhandlepattern

Potential Cup and Handle Pattern on PTLO (Portillo's Inc.)Potential Cup and Handle Pattern on NASDAQ:PTLO ( Portillo's Inc. ) I've been analyzing the chart of PTLO (Portillo's Inc.) and I may have identified a cup and handle pattern. Using the latest data available up to November 29, 2024, here's my analysis: Chart Analysis: The cup and handle pattern is a bullish reversal pattern that can indicate a potential upside move. Here are the key points I've observed on the PTLO chart: The cup: The stock price has been forming a rounded bottom, or "cup," since Nov 15th. This is a sign of a potential reversal. The handle: The stock price has been consolidating in a smaller range, forming a "handle" since Nov 25th This is a sign of a potential breakout. Stock closed above the 20 day and is approaching the 200 day sma While this analysis is promising, it's essential to remember that technical analysis is not a foolproof method. It's crucial to combine this analysis with fundamental analysis and other forms of research before making any investment decisions. Next Steps: I'll be keeping a close eye on PTLO's stock price and will provide updates if new developments arise. Targeting $12.50. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Always do your own research and consult with a financial advisor before making any investment decisions.
NASDAQ:PTLOLong
by Paul_Hodls
Navkar Corporation Trading IdeaIntroduction Navkar Corp. Ltd. engages in the provision of container freight station and inland container depot operations. It provides services to customers who are in India. The firm’s services include cargo handling services, private freight terminal, reefer containers, empty container storage, facilities for hazardous cargo, bonded warehousing facility, containers repair, and maintenance. Observation As we can see stock attempt it second rounding bottom breakout on monthly chart after a very long-time correction once its breakout stock can go as much as shown on the chart. RSI is strong bullish cross over 2024 feb trade above 20-month ema. visit on website for fundamental detail analysis and Latest stock news & updates 👆
NSE:NAVKARCORPLong
by SHEHBAZ_KHAN
Total3 chart breaking up from inverse head & shoulders patternThis is the chart that is every altcoin except for ethereum. Bitcoin is also not factored in. We can see it appears to have broken upward from the inverse head and shoulders pattern and the breakout target should be around 1.27 trillion. We also currently have the potential for a cup and handle to be formed with an even bigger breakout, but I want to see an actual handle forming first before I post a target for anything like that. *not financial advice*
CRYPTOCAP:TOTAL3
by DrDovetail
1
Eth cup and handle looks posed to breach rimline soonWe have confidently broken upwards from the handle and the handle’s full breakout target takes us above the rimline of the cup. Many other cup and handles have already validated their breakouts, the most notable being Bitcoin, total, solana, and total2. Ethereum is very probable to follow in their footsteps (pricesteps? Wick steps? Candle steps?) We are also about to have a golden cross on the daily chart for ethereum so here is a zoomed in shot of the handle breakout progress and the golden cross so we can keep track of how the cross impacts price action: . Since the handle’s breakout target is just above the rimline of the cup, it wouldn’t surprise me if price lingers just above and just below the rimline for a little bit to toy with leverage traders before it finally decides to flip it solidified support and validated the breakout. We shall see soon enough *not financial advice*
COINBASE:ETHUSD
by DrDovetail
USD/CAD INSANE 22 Year Cup & Handle about to explode higherWith this week's announcement of 25% duties on MX & CA one would do well to survey the markets for opportunities. What better way to push through a trade of this nature than the FX markets?! The first thing to check in any FX trade is rate differentials: CA 10Y: 3.22% US 10Y: 4.27% MX 10Y: 9.99% The carry trade dictates we want to be long the currency with a higher yield, and our suspicion given tariffs tend to strengthen the country levying tariffs means we want to be long USD. MX offers a much higher yield so that would offset the potential in taking a short position on USD/MXN. CA on the other hand has a modest 1% discount to the US 10Y bond. Moreover, rates in the US look fairly steady, and pressure from the tariffs could cause CA to cut in support of its economy. A technical inspection of USD/CAD shows a staggering 22 year cup and handle formation on the pair. Now could be the right time to accumulate a leveraged FX position, as this trade could have years ahead of it with the advent of a 4 year Trump term.
Long
by quickshiftinn
2
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
An updated look at BTCUSD’s pi cycle If I was a betting man, it seems to me like the top white line of the pi cycle indicator (350ma) is very likely to reach the full breakout target price of the cup and handle pattern bitcoin has broken up from (at $133282) long before the lower yellow line of the pi cycle (111ma) has a chance to catch back up to it and cross above it for the pi cycle top. In fact I have a feeling we won’t even be close to the yellow one even being near the white line by the time the white line reaches that level, suggesting that we have far more upside left to go in this bull cycle. In the past most if not all pi cycle tops have happened after price action gets above the white line, so if that trend should continue we can look at whatever the white lines price action is and know theres a high probability that that means the top price bitcoin reaches this bull run wll be even higher. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
The Cup and Handle Pattern: A Trader’s Blueprint for SuccessThe Cup and Handle pattern is one of the most reliable and visually recognizable chart patterns in technical analysis. A favorite among both beginner and seasoned traders, it signals a potential continuation or breakout and offers an opportunity for significant profits when traded correctly. But what makes this pattern so special? Let’s dive into its structure, Bulkowski’s research, and how you can leverage this powerhouse pattern in your trading. What is the Cup and Handle Pattern? The Cup and Handle pattern resembles the shape of a tea or coffee cup—complete with a rounded bottom and a slight dip forming the "handle." It typically forms in bullish markets and is considered a continuation pattern, suggesting that the trend is likely to continue after the breakout. Key Features: Cup Formation: A rounded, U-shaped curve that signifies a gradual correction followed by an equally steady recovery. A V-shaped bottom is less ideal but can still be effective in some cases. Handle Formation: A small consolidation phase or pullback, typically sloping downwards, that signifies hesitation before the breakout. Breakout Point: When the price moves above the resistance level (the lip of the cup), confirming the pattern and signaling a bullish breakout. Bulkowski’s Research: The Numbers Behind the Pattern Thomas Bulkowski, a renowned technical analyst and chart pattern expert, conducted extensive research on the Cup and Handle. His findings provide valuable insights into the pattern’s reliability and performance. Key Statistics: Success Rate: The Cup and Handle pattern has an average success rate of 65% for upward breakouts, making it one of the more reliable patterns. Average Rise Post-Breakout: Bulkowski’s research shows that the price typically rises by 34% after a breakout. Handle Depth: The handle should retrace no more than 12-15% of the cup’s height. Deeper handles tend to be less reliable. Volume Analysis: Breakouts with increasing volume tend to perform better. About 50-60% of successful breakouts occur with higher-than-average volume. How to Trade the Cup and Handle Step 1: Identify the Pattern Look for a rounded bottom (the cup) and a smaller pullback or consolidation (the handle) that does not exceed 50% of the cup’s height. Ensure the pattern forms over a reasonable timeframe—weeks to months for higher timeframes, or days for intraday trading. Step 2: Confirm the Breakout Wait for the price to break above the resistance level (the lip of the cup). Volume spikes during the breakout provide additional confirmation. Step 3: Set Targets Target Price: Measure the height of the cup and add it to the breakout point to estimate the target price. Stop Loss: Place a stop-loss slightly below the handle or the bottom of the cup to minimize risk. Step 4: Manage Risk Use a reward-to-risk ratio of at least 2:1 or 3:1, and avoid over-leveraging. Bulkowski’s research suggests the pattern’s success improves when traders maintain disciplined risk management. Tips for Spotting High-Quality Patterns Timeframe Matters: The longer it takes for the cup to form, the stronger the pattern. Bulkowski’s research highlights that patterns forming over 3–6 months tend to yield better results. Handle Characteristics: A tight, orderly handle is more effective than a volatile, erratic one. This suggests controlled consolidation rather than panic selling. Volume Trends: Look for declining volume during the cup formation and handle, followed by a sharp increase during the breakout. The Pitfalls to Avoid While the Cup and Handle is a high-potential pattern, not all instances are created equal. Here are common mistakes to avoid: Forcing the Pattern: Sometimes, price movements may appear similar but don’t meet the full criteria. Stick to well-defined patterns. Ignoring Volume: A breakout without significant volume may lead to a false signal. Trading in Weak Markets: This pattern works best in bullish environments where upward momentum can sustain breakouts. The Cup and Handle pattern combines simplicity with effectiveness. Bulkowski’s statistical research underscores its reliability, and its visual nature makes it easy to spot. Whether you’re trading stocks, forex, or cryptocurrencies, this pattern is a powerful addition to your technical analysis toolkit.
CRYPTOCAP:TOTAL3Long
by Alpha-Capital
NOTHING !!Finally, the Cup&Handle broke .The price can reach the shown targets. That's it. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
8
Two Bullish Patterns Hint at Major Rally for DogecoinIn the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a cup and handle. If either of these patterns breaks, the price of Dogecoin can reach around 50 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1
CCJ cup & handle Breakout to 65 & 70+Cameco Corporation (CCJ) is currently displaying a classic cup and handle pattern, a bullish continuation signal. Here’s a breakdown of the pattern and what to watch for: Cup and Handle Breakdown: The Cup: A rounded base formed between April 2024 and October 2024, with the left and right peaks near $58.72 and a low around $46.76.This symmetrical cup formation indicates accumulation after a downtrend, with buyers gradually gaining strength. The Handle: After testing the $58.72 resistance level, the stock pulled back slightly to form a handle, consolidating around $55.66. Handles are characterized by lower highs and decreasing volume, setting the stage for a breakout. Volume: Volume has declined during the handle formation, a textbook signal of the pattern. Look for a volume spike to confirm the breakout. Breakout Level (Rim of the Cup): $58.72 Projected Target: Add the cup depth to the breakout level: $58.72 + $11.96 = $70.68 Profit Targets: First Target: $65.00 Second Target: $70.68 Bearish Contingency: If the price breaks below $55.66 , the pattern is invalidated, and CCJ may test lower levels.
NYSE:CCJLong
by EssieQuantumTrader
Price action on the TOTAL chart now comfortably above the c&h Price action is now knocking on the door of 3 trillion for the total crypto market cap. We can see also that now that price action is reasonably above the rimline of this massive cup and handle pattern, and has also closed a weekly candle above it now as well, that we are likely to soon validate the breakout of this pattern and star climbing towards its breakout target of 4.6 trillion. I think Brad Garlinghouse was anticipating the total market cap nearing 5 trillion by end of 2024 and that target is not that far off. I will link some previous total market cap charts below so you can see other macro patterns we are also heading towards with an even higher target than this cup and handle. *Not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Solana roadmap to $400-$425Love SOL or hate it. $400-$425 is a magnet. Solana is showcasing a textbook Cup and Handle pattern on the 2-day timeframe, signaling a potential bullish breakout. Here’s the breakdown: 1️⃣ The Cup Formation: The base of the cup was formed between May 2022 and January 2023, marking a prolonged accumulation phase. The lip of the cup rests around $225, a key resistance level tested multiple times. 2️⃣ Handle Consolidation: After reaching the cup's lip, Solana entered a consolidation phase (the handle), with lower highs and higher lows forming a descending channel. This phase typically indicates a preparation for the next major move. 3️⃣ Breakout Potential: A breakout above the $225 resistance level confirms the pattern, opening the door for significant upside. 📈 Bullish Momentum: With strong momentum and increasing trading volume, a breakout seems imminent. Watch for confirmation of the breakout above $225 before entering positions. Key Levels to Watch Resistance (Breakout Zone): $225 Target Based on Cup Depth: $425 Support (Invalidation): $175 (below handle structure)
BITFINEX:SOLUSDLong
by jjkateam
6