Looking at a 10 year chart seeing a rather large tea up pattern for bitcoin. Newbie so comments welcome Bullish Long
support line seams stable and correction may be over. Looks like its time for another run to $50
Opportunity to break the cup with handle pattern described in the Encyclopedia of Chart Patterns by Thomas Bulkowski. Be aware of the EMA 200 which lines up above the resistance channel. Trade your plan!
Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has. This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...
Looks like a nice cup and handle with volume. Just a matter of time for a breakout imo.
Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like...
BTC/XAU has come close to parity 3 times, first in 2013, second in Jan 2017, and third in this ongoing rally towards breaking ATH. Typically, BTC/XAU has had strong rejection between 0.8-1, depending on the value of BTC on the exchange that you consider. XAU/USD just painted a reversal on the monthly, which could signal the end of a 4 year downtrend. Unless...
Cup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
Breakout of cup and handle strong should head to 1000 now if market stays strong
Cup formed support on previous resistance, then a handle has formed from that, with a clear breakout level at 2.15. Big volume today, also call sweeps as mentioned by @stt2318 and @sandman7591 on twitter. Could get exciting tomorrow... Entry at 2.16 if it hits, with risk to $2, potential reward 2.35-45 range, with a huge gap above 2.38. I'm in early technically...
Cup formation: December 2013 - December 2016. Handle: Two week drop in early January. Breakout: Above cup top in early February. Following this parallel channel up, testing $1391 would occur March 27-April 17 and testing $1784 would occur May 29-June 19. Given the uncertainty around the SEC rule change for an ETF , the result could bring it outside of the...
2/13/2017 - GLD Cup and Handle Pattern on a Recent Point of Control. Long with Target 1 of 12.50 (just after the next area of acceptance/high volume).stop at 114.50
Nearly matching highs after a long correction with pretty decent mirroring between descending and ascending periods (within the "cup"). Price has already retraced 38.2% of the cup, which measures the total retracement off of the all-time high (ATH). The fact that price tested major structure support at that level is supportive of the possibility that the...
Interesting possible pattern corelation between DXY and Gold Gold = Candles DXY = Blue Line Gold printed a big Cup&Handle pattern with a neckline at around 1230. Also DXY printed a huge Head&Shoulders pattern with a neck at around 99.25 If DXY manages to print the right shoulder (upwards move till around 102) this could send Gold down to around 1205ish...
After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen. In the middle of consolidation, we now turn to C (corrective wave) and last within the handle. And this is where almost all traders have the doubt about the time and value that...
Not sure and want confirmation. Would this be considered a cupandhandle entering a gapfill?