CUP FORMATION
HANDLE FORMATION
PATTERN MEASUREMENTS
TECHNICAL CHARACTERISTICS
The pattern will complete with a breakout above the descending resistance line, currently at approximately $64.00.
- Start Date: April 27, 2025, 22:01
- Bottom Date: May 4, 2025, 22:01
- Bottom Price: $55.34 (exact)
- Cup Duration: 15 days
- Cup Depth: $8.66
- Cup Shape: Rounded, symmetrical U-formation
- Right Rim: $64.00 (May 12)
HANDLE FORMATION
- Start Date: May 12, 2025, 10:01
- Current Price: $61.68
- Upper Boundary: Descending trendline from $64.00
- Lower Boundary: Descending trendline near $60.40
- Handle Depth: ~$3.30 (38% of cup depth)
- Current Pattern: Downward-sloping consolidation
PATTERN MEASUREMENTS
- Cup Low to Rim: $8.66 ($64.00 - $55.34)
- Current Resistance: ~$63.00 (descending trendline)
- Target Projection: $71.66 - $72.23 (breakout point + cup depth)
TECHNICAL CHARACTERISTICS
- Smooth, rounded bottom (not V-shaped)
- Handle forming in upper half of cup (bullish)
- Handle depth less than 50% of cup depth (ideal)
- Handle showing typical flagging pattern
- Clear, well-defined pattern boundaries
The pattern will complete with a breakout above the descending resistance line, currently at approximately $64.00.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.