LNG ( Natural Gas ) Breakout from Cup and Handle LONGThis is a classical chart pattern. The bullish continuation would be
expected to be about $25.00 of upside given the height of the cup.
The short time MAs have crossed the intermediate MA from underneath
in a "Golden Cross" while positive momentum just started on the
squeeze indicator. Fundamentally this makes sense with the
winter heating season and the energy sector the best performing
this year. I will choose a Feb 23 call option 15% above current
price.
ina
Cupandhandlepattern
NFLX: GAP FILL PLAY AND POTENTIAL CUP N HANDLENFLX has lost 76% from its November highs to its July lows.
Looking at the chart from a purely technical point of view, here is what I see:
- the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428.
- There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331. To play the gap fill I' d wait for the price to break $250.
- A cup and handle is forming with a target between $331 and $366. However the pattern will only be confirmed should we break $250.
I'm neutral now, but I'm watching the stock closely. A break of $250 would trigger a long entry with a stop at 240.
Keep it on your watch list.
Trade safe.
GOING LONG IN USDCADI am taking a long position in USDCAD as we saw it recently form a cup and handle pattern which is a continuation pattern. As we saw previously there is a bullish trend before the cup and handle pattern so we expect it to continue after the formation of the pattern. As we have seen how beautifully it is going up the same length from the middle of the cup after the formation of the pattern
As we draw Fibonacci support it is taking support of 0.63 which is a golden ratio of retracement
If we see Dial Indicator which is telling us there is a huge sale at the moment so we need to purchase the fear & sell the greed
Let's see what happens next
A Silver Cup & HandleAfter the completion of a bullish ABCD harmonics pattern on daily chart, the XAGUSD pair has started to form higher highs and higher lows (a bullish rally).
Recent indications of a Cup and Handle pattern further supplements the continuation of the bullish rally (buyers are advised to buy on the breakage of parallel channels)
Possible BOIL Cup and Handle in formation ENERGY PLAY LONGBOIL could be setting up a long continuation trade
Now working on the handle. MACD shows the lines crossed
while under the histogram is very often an excellent sign.
Time will tell- My preferred trade will be call options
expiring in late January or February.
( This is a triple-leveraged natural gas play with
the upcoming winter heating season expected to be
expensive especially in Europe. The inverse is KOLD
which would be a good put option right now.)
AMEX:BOIL
ABCL - Cup & Handle Breakout TradeAbcellera Biologics is a biotech stock setting up in a textbook cup with handle pattern.
The stock has growing institutional sponsorship as shown in the chart from MarketSmith on the chart. It also has a relative strength ranking of 97/100.
Shares formed a cup with a 37% depth and have since drifted back slightly to form a defined handle.
I will consider buying on a break above the dashed downtrend line of the handle.
HDSN - Hudson Technologies, Inc.Had breakout on Friday. Noticeable volume on the shortened trading day. Don't mind buying around the Friday highs, prefer a small pullback maybe into the $11 area. Stops 2-3% below Friday's low.
Market environment is still making me want to realize quick gains, raise stops quickly.
Small cap ($500m), growth may be decelerating but still low valuation (6.8 f.p/e)
Ethereum CUP AND HANDLE (BULLISH)Hi Tradingview,
BINANCE:ETHUSDT
Ethereum USDT is currently trading in a cup and hadnle pattern. This pattern has been forming for the past week. To enter a trade I am
looking for a closing of a 4 hour candle above the (RED) support.
ENTRY: Above 1204
STOPLOSS: Break of trend
TAKE PROFIT: 1275
TAKE PROFIT_2: 1320
REEF/USDT LONG IDEA 🚀🚀Hi guys , as you can see in the chart that there is a cup and handle pattern forming
*It's a spot swing trade
Entry1 : 0.003
Entry 2: 0.00293
SL: 0.00285
TP1 : 0.003150
TP2: 0.003300
TP3: 0.0034
PLEASE LIKE MY IDEA AND FOLLOW ME FOR MORE STRONG SIGNALS
AFFLE upmoveClear downtrend ended at the runaway gap, that too a monday gap which plays the important role as you can see here and can also lookout in many of other stocks. recent down move ended at 0.618 fib level. A definitive upmove above swing high. Can enter in few quantities once above the orange horizontal line, and rest of the quantities above blue horizontal line.
Bharat forge cup and holderBharat forge Chart is making a Cup and holder on weekly time frame. it already shows a breakout
Entry: near 847 to 860
Stop loss: 830
Target : 940
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
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