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Handle

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.
NYSE:TDCLong
by myfye13
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!
BITFINEX:BTCUSDLong
by AndresThomasShirakawa
1
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
BLong
by AndresThomasShirakawa
NGAS - potential cup & handle play on the daily chartI suggest the chart is self-explanatory. If the pattern turns out to be a cup indeed, there should be a pull back to form some shape of a handle (often times as a falling flag/triangle), then the price would sharply break out the resistance of the recent high at the cup’s edge level and would head Northbound (or more precisely – North-East). Obviously, the exact moves are my biggest speculation to-date, but they are all based on the prior action and the resulting logic of the chart. However, regardless of the exact moves, if, again, it’s truly a cup, the eventual target is measured and is typically equal the depth of the cup. Also, notice that should the price reach its target, another cup might shape out with the new target above NGAS’ previous all-time high. The last but not the least, please note that this is not a trading advice but an exclusively theoretical exercise with a prohibitive level of uncertainty. Should you decide to take any positions along these lines, it is imperative (solely for your own good) that your trades are based on your OWN analysis.
FX:NGAS
by VirtualFax
3
Teacup Saucer Bottom Near Term BuyThe saucer bottom has been, in my experience, a very reliable bullish chart pattern. We want to continue to use appropriate trend following entry strategies of buying on strength. Therefore, you will want to go long on a breakout of recent highs. You'll want to leave plenty of room on your stop loss given the fast and volatile nature of this cross product. Look to trail stops once in. For a longer term trade and a spot of tea, you may also want to check out the daily chart that shows a well formed teacup with handle.
Long
by chris333
2
Cup & Handle Bullish Medium TermWe can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the 143.23 July 15 high (the beginning of the pre-saucer consolidation pattern). Stay tuned. Always feel free to leave me a comment. I love critique, as it challenges my bias and pre-conceptions; go ahead, make me uncomfortable. Then we can all benefit!:)
Long
by chris333
1
Trading Plan Oct-NovBUY: new high, break of 248 TP: along the targets up to 281 SELL: break of black trend line & failure to break 248 TP: around 232.5 - 235 / Build a new long position from there. HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258 A break of 248 would indicate that price will be trying to reach the double bottom target 268 - 273 OTE SELL ZONE: Look for reversal signals there and establish a short position The white & red forecast drawings are just for the purpose of orientation.
BITFINEX:BTCUSD
by MagnusTradingGroup
1
Reverse cup and handleI have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also. I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up meets a number of things I look for in the pattern. -I like to see a strong pull back and large choppy moves in the base of the cup. normally I will see a double bottom/top or head and shoulder but in this case a triple top. - The top of the handle to be noticeably below the high or low of the start of the cup depending on traded direction. -The handle to form and stay in this case below the 200ma (long set up would obviously be above 200ma) -The most important is for price action to tighten up and slop away. Ill update if it breaks out of the handle.
Short
by tst
7