NE - Looking for strong bullish continuationN wave with N, NT & V projection.
Cup & Handle pattern.
The pattern strongly resembles a "Cup and Handle" formation, supported by an N wave structure with Ichimoku alignment.
Cup and Handle Pattern
Cup Shape: Smooth U-curve from Nov 2024 to Jul 2025.
Handle: A short pullback forming higher lows between late July and early August.
Breakout Area: 0.740 is the rim resistance — breakout above this will confirm the Cup & Handle.
- Valid Cup & Handle characteristics:
Rounded bottom (accumulation phase).
Handle with light pullback and low volume.
Breakout attempt with increasing volume (watch confirmation).
Price is well above the Kumo: Clear bullish trend.
- Tenkan-sen > Kijun-sen: Short-term momentum is bullish.
V as immediate resistance at 0.715. If price stay above this level, confirming the bullish continuation.
Entry (Breakout Buy) 0.740 (above resistance/handle)
Aggressive Entry 0.660–0.675 (on handle support bounce)
Stop Loss 0.620 (below handle and Tenkan/Kijun)
TP1 (V) 0.715
TP2 (NT) 0.770
TP3 (N) 0.815
- Chikou Span is above the cloud and price: Confirming trend support.
- Kumo Future is Bullish: Strong foundation for continuation.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
