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Cupandhandlepattern

I'm i the only one seeing this on EurJpy? But what's your view??I'm just learning how to be a profitable intra day trader, I've been a swing trader before now but I've not been profitable with it but I've marked this up for months now and I can see that its following through, but I can see its entering a major resistance zone, so I'm telling you, if it can break through, we're still on a buy on EurJpy. But I stand to be corrected though, let me know your views to learn from you. Thanks.
Long
by GideonSmith
How To Identify and Trade a Cup & HandleThe Cup & Handle Pattern: A Comprehensive Guide to Continuation Mastery In the vast realm of technical analysis, the Cup & Handle pattern emerges as a brilliant beacon of insight—an extraordinary exemplar of a continuation pattern that elegantly unveils the ongoing momentum within an established trend. Its inherent elegance lies in its unparalleled ability to furnish traders with a tangible roadmap, skillfully guiding them through the intricate symphony of price action. As we embark on this enlightening journey of exploration, we shall unveil the multifaceted layers of the Cup & Handle pattern. Our expedition involves an in-depth dissection of its core components, a profound interpretation of its implications, and an unveiling of the critical elements that lend credence to its presence. 1. Cup Formation: The Artful Pause That Speaks Volumes Nestled at the heart of the Cup & Handle pattern is the captivating creation of the cup formation—a graceful curve that mirrors the contours of a masterfully sculpted cup. This stage encapsulates a momentary respite, a purposeful consolidation within the overarching trend. It embodies a pause that echoes the collective sentiment of market participants, offering a tangible representation of forces seeking equilibrium. The gentle curvature of the cup resonates with the rhythm of the market, seamlessly weaving together the intricate interplay between demand and supply. 2. Handle Formation: The Prelude to Anticipation Following the organic embrace of the cup, the handle formation emerges—an intriguing prelude that tantalizingly hints at the future. This segment assumes the shape of a concise consolidation, often resembling a brief pullback or a tranquil sideways drift. The handle, akin to a contemplative interlude in a symphonic composition, captures a moment of introspection. It's akin to a traveler pausing at a vantage point, surveying the terrain before embarking on the next phase of their journey. During this introspective intermission, market participants recalibrate their strategies, absorbing insights for the forthcoming movement. Interpreting the Pattern: Guiding Continuation with Finesse The Cup & Handle pattern serves as a reliable navigational instrument within the ongoing narrative of a trend: • Bullish Narratives: In an upward trajectory, the Cup & Handle encapsulates the very essence of continuity. It signifies the unwavering persistence of the prevailing uptrend, elegantly supported by the inherent flow of the pattern's organic formation. Validation Through Breakout and Volume: • Breakout Confirmation: The core of the Cup & Handle pattern's credibility hinges upon the breakout above the handle's upper boundary, often referred to as the resistance level. This pivotal juncture serves as a luminous beacon, illuminating potential entry points and validating the pattern's existence. • Volume as a Harmonic Undertone: Volume analysis lends a harmonious undertone to the pattern's melody. Attentive observation of volume trends during the cup and handle stages adds a resonant chord. Heightened volume during the cup formation, followed by a gentle cadence during the handle, amplifies the pattern's authenticity. • Projection and Beyond: Navigating the Path Ahead • Projected Price Targets: Peer into the future by projecting potential price targets above the neck line breakout. The symphony of Fibonacci levels—62%, 79%, 100%, 127%, and 162.7%—composes a harmonious ensemble of potential completion points. • Harmonizing Analysis: Synthesize your findings with the broader market landscape. Overlay auxiliary technical tools, such as support and resistance levels, to orchestrate a harmonious fusion of analysis and fine-tune your trading decisions, • As we voyage further into the intricate domain of technical analysis, the Cup & Handle pattern takes on a persona beyond mere lines on a chart. It becomes a living embodiment of the intricate dialogue between market psychology and the ebb and flow of price dynamics. In your arsenal as a trader, it functions as a steadfast compass, guiding you with its radiant light through the intricate labyrinth of trends. This is your roadmap to navigating the captivating odyssey of continuation. "Cup & Handle Unveiled: Mastering Continuation Strategies with TCPLTP"
Education
by TradeChartPatternsLikeThePros
1
TOMO. Cup is Hot. The Handle is heating.Hello friends! I've seen your interest on my previous BINANCE:TOMOUSDT analysis and wanted to keep you updated on the lower TF. As my account is young, I have only 7 points of reputation, I cannot add pictures to my comments. So I decided to just put this in a new post. As I've mentioned previously, we've hit the Entrance zone at $1 and went back up to $1.07 with a big Volume. That's a Great sign! The Buyer is there. However, for the Big upward move we need all the doubting people, thinking it's a selloff to get out. As always. That's why I'm guessing we've entered into the +- weekly long consolidation with the lowest point of 0,87-ish within a 0.9-1.1 range . You can either trade within this range or just buy some bags at around 0.9 (Or DCA from 1.01 to 0.87) and wait for the tip of the handle at 1.62, Or wait for this figure to play out with the big gainz. Can't wait to be able to post updates with pictures. -A.I.Vision
TLong
by A_I_Vision
8
Gold Keeps Trading Sideways or Bullish way!!! Here's Why?The price has already broken the cup pattern. now, the price is at the PRZ point, which can be good, If of course,Price keep the PRZ zone. If the price can break the 2080 point in the midterm, the price will reach the target much more easily. ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
COMEX:GC1!Long
by CobraVanguard
6
Cup n' HandleUnconfirmed cup n' handle pattern on the 1h chart for BINANCE:HBARBTC What is confirmed? - We have a cup - We have a handle - We broke above the handle and have held above it - We've held above highs near the early formation of the left side of the cup What's required to complete confirmation? - Break and hold above the red line at 256 (252 was the highest close on the left side) Target? - 320 sats as an aggressive first target is displayed on the chart - aggressive because it's measured from the cup shape and its wick lows rather than the candle close lows to cup top - A more conservative target would be around 300, which may also act as a psychological resistance My nice graphic got messed up when posting, so here it is again: Notes: - I also prefer to see it remain above 233, and it needs to get back above 246 - Links to related higher timeframe ideas for HBAR are linked below - Cup top is the top of a current resistance area as seen on this other chart
Long
by dudebruhwhoa
The Cup and Handle Pattern in TradingGreetings, fellow traders and investors of @TradingView 📈🚀 Keep your eye for cup and handle pattern, a chart formation that hints at potential market possibilities. The Cup and Handle: Visualize a cup, complete with a 'U' shape and accompanied by a handle. This chart pattern mimics that very shape, capturing price shifts that can hint at noteworthy market movements. Here's the essence: a cup forms through a gradual downward trajectory, leading to a stabilizing phase, and eventually, a rally that mirrors the extent of the initial decline. This sequence of price action is pivotal in identifying the characteristic cup and handle formation. Initiated by low trading volume, the formation gathers momentum with rising volume as the left lip of the cup takes form. Subsequently, volume recedes near the cup's bottom, only to surge again towards the right lip and breakout. The initiation involves a dip in price, followed by stabilization, and finally, a rally that aims to retrace the plummet's impact. As the cup materializes, it curves into a 'U' shape, while the price dips slightly to craft the handle. Notably, the handle must be smaller than the cup and should exhibit a minor downward trend within the trading range. It's imperative that the handle doesn't dip below one-third of the cup's depth. Strategy and Execution Now, how can you effectively trade this compelling pattern? The strategy involves positioning a limit buy order just above the upper resistance of the cup and handle. Simultaneously, set a stop-loss order slightly below the handle's support. This calculated approach ensures that your buy order triggers only when the price breaks through the upper resistance level. This cautious measure shields you from premature entry due to false breakouts. For traders seeking an extra layer of assurance, patiently waiting for the price to conclusively close above the upper trendline of the handle can provide a higher degree of certainty before initiating the trade. 🌟 Wishing you successful trades and profitable outcomes as you leverage insights from @Vestinda. Remember, patience and careful analysis are your allies on trading path. Happy trading! 💰
INDEX:BTCUSDEducation
by Vestinda
2
Cisco Cup and HandleI noticed a Cup and Handle pattern forming on Cisco Systems - ticker CSCO, on the daily level. What will be my entry points and what are the things to consider: 1. My entry would most likely occur today, 19th of July, since I think that the stock will break from smaller moving averages once the market opens. Those moving averages are 10 and 20, my entry price is sitting at around $52-52.5 price level. 2. Stop loss for this position, in case something goes wrong, will be put at around $49.95 price level, which is just below it's previous low and way below the 10 and 20 moving average line, and around 50MA. 3. My profit point is sitting around $59 price level, but that doesn't mean that I will be exiting my position there. It means that if the price action is strongly acting bearish that I will close my position. If price action is in a strong uptrend, I will surely keep the position open. 4. I am planning on adding to a position at $58 price level, of course, if the price action is going as it should - pointing to a strong bullish move. I will make sure to update this buy opportunity, but please make sure to do your due diligence when investing.
NASDAQ:CSCOLong
by De_Banis
2
KAKOBANK WCA - Cup and HandleCompany: KAKOBANK Ticker: 323410 Exchange: KRX Korea Exchange Sector: Banking/Financial Services Introduction: In today's technical exploration, we focus on KAKOBANK, a prominent entity in the banking and financial sector. The weekly chart showcases a potential bullish reversal in the form of the Cup and Handle pattern, which has been developing over the past 50 weeks. Cup and Handle Pattern: The Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It's characterized by a rounded bottom (the "cup") and a consolidation (the "handle"), which precedes a breakout. Analysis: KAKOBANK's prior trend was bearish, as illustrated by the blue diagonal line. However, this downward trend seems to have been interrupted by a Cup and Handle pattern, suggesting a potential bullish reversal in the offing. The so-called "lip" or the resistance level of the pattern stands at 29,650 KRW. The stock's price remains above the 40 EMA, reinforcing the bullish sentiment. If the price successfully breaks out above the lip, a bullish run is anticipated. The projected price target based on the pattern's depth stands at 43,550 KRW, amounting to an estimated rise of approximately 47%. Conclusion: KAKOBANK's weekly chart puts forth a promising bullish reversal scenario. A successful breakout above the lip of the Cup and Handle pattern could pave the way for an attractive trading opportunity. --------------------------------------------------------------------------------------------------------------------- Remember, this analysis should be integrated into your broader market research and risk management protocols. It's not a direct trading recommendation. If this analysis proves helpful, please consider sharing, liking, and staying tuned for more insights. Happy trading! Best regards, Karim Subhieh Disclaimer: This analysis is for educational purposes only and shouldn't be considered as financial advice. Always undertake your own research and consult with a financial advisor before making investment decisions.
KRX:323410
by KarimSubhieh
3
Dlink has given a strong breakout!As seen in the chart, Dlink has formed a flag and pole which was broken 2 days back. The flag is a beautiful cup and handle pattern which justifies strength. This is an exceptionally good chart for a positional trade to buy on dips till 300 with an SL of 260. A swing trade is risky at CMP with SL of below 290 DCB. Targets can be 370, 400 and above. Note:- Idea is shared for educational purposes only. It should not be considered as a recommendation.
NSE:DLINKINDIALong
by chartistamey