Potential cup & handle formation If a cup & handle happens my initial plan will change.
Hopefully we don't break trend and fall back to the ground.
PAYDAY PAY :)
Handle
BCC is going goodCup & handle breakout. Good build before taking of.
Lets see if we can break resistance and reach 103.
First Solar for limited profitFirst Solar has formed a cup & handle pattern with nice opportunity to go long now. If a long position is taken and the price goes up, profit should be taken at max. 50. There is a long-term resistance formed at around 50. With Trump's energy opinions, this clean energy solution will likely reverse at 50 to continue its long term bearish trend.
Massive cup & handleIf everything goes to plan, in one month we will have a massive cup & handle. handle forming now.
What do you guys think?
NRG Cup & Handle formed?The cup appears more parabolic, but even so, it's trending upward without the cup & handle to possibly re-test $19. Note decline in volume during the handle formation.
SJCX Cup and Handle Formation.Entered my trade at 0.00030 and my trading plan is 30%. Look for this coin to go long over the next few days!
XAUUSD Cup and handleA cup and handle pattern is in formation. The RSI retest at 50 confirms it. I would like to see a small consolidation to the downside and an eventual breakout to the upside.
VRC Cup and HandleFor me it looks like VRC is forming a Cup - Handle pattern.
Supporting Information:
- Strong Support at 10330 sat
- Increased volume
TDC Double Cup & Handle?! Strong case for breakoutOver the past year and a half TDC has formed what looks like a double cup and handle, where the handle for the first cup&handle formation is the cup for the 2nd cup&handle.
Supporting Information:
- Formation began with a large gap down from $36.12 to $33.03 on 8/6/15
- A strong resistance/support line (currently support) at about $30.70, which also constitutes a 38.2% fib retrace from TDC's high on 2/9/17 at $33.32
- From TDC's low of $21.98 in January of last year, the stock pulled back then bounced nicely after retracing 61.8 % (fib)
- Both Stoch and CCI are currently in oversold territory
- Since TDC began consolidating on 2/13, volume has been lower on down days and higher on up days, most recently showing declining volume as the stock has dropped
- 50 day MA could provide additional support when it catches up to the stock
I would recommend waiting until there is a clear breakout of this small pullback, preferably on strong volume (at least higher than average) with a close at or near its daily high . If this happens I would expect the stock to retest its high (between $33.00-$33.30), probably consolidating just under resistance until it finally breaks out. After a breakout above $33.30, next resistance would be after the stock closes the gap created on 8/6/15, with resistance between $35.80 and $36.12
And as always, make sure you have a stop loss in place, which I would place below current support between $30.50 & $30.30 and adjust up if the breakout occurs.
Cup and Handle Pattern: Bear Trend ContinuationSome observations of weakness (i) overbought (ii) peaked squeeze indicator (iii) just recently tested a major resistance level and broke through
XAUUSD,GOLD Weekly AnalysisThere are 3 patterns for gold in weekly analysis.also we have cup and handle pattern in daily chart.
BTC continues to consolidate, on the way to a perfect call!!!
Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C.
All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ideal for getting long or how other traders wait for it to break the neckline of the cup.
I apologize for the comings and goings of the charts, but welcome to Bitcoin.
The only thing certain is that the whole life of the BTC formed a perfect cup and handle pattern, a perfect retracement, an increase in volume in the perfect handle and now what would be missing is most important to identify C to get LONG.
100% TA
0% FA on this chart
Good trading, good profit for all!
Consolidation at the handle with a bullish BTCThis is a zoom of the handle forming, after the 1/3 retracement for the (A) corrective wave ended, and now ahead of schedule this is the uptrend (according to my point of view) to form B (impulsive wave) and their possible targets in fib levels.
I attach below the central chart
ZOOM OF THE HANDLE PATTERN AND BTC UPTRENDThis is a zoom of the handle of the pattern in formation after finishing the cup.
Possibly we enter inside a channel by the approach of the Bollingers and then form the wave B (impulsive) with those possible targets.
We continue in the fourth and final phase (consolidation) to then correct B with the formation of C (2) and finally break up the resistance level of the handle and go in a bullish and strong direction towards wave 3.
Thanks to followers and likes
