An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the...
GBPUSD 4HR - Continuation Long - C&H formation Looking for retrace into a W4 to define the C&S and move into W5 into the 168 area Watching for a break and recover around the 22-328 FIB retrace. Chart is pretty self explanatory.
FX:EURUSD Cup and Handle? Potential Long as cup and handle begins to form on the EUR/USD Awaiting confirmation on the handle to confirm the 38.2% retracement levels. Risk to reward ratio 1:4 Entry: 1.20, Stop Loss: 1.19 Target Profit: 1.23 Note if the handle breaks 38.2% retracement then the trade is invalidated.
1D chart showing a cup and handle forming. Once the handle is complete, this new ATH should line up with Ethereums realease of Metropolis on Sep25.
A couple patterns I'm seeing here on the longer term (4H chart): * The ascending triangle pattern is soon converging. If it can finally break out of that triangle and show momentum above it, we could see a potential big jump above the top of the triangle. You can see from the graph that we've had a couple breaks above in the past, depending on where you draw the...
I have seen many charts that suggest the main downtrend for XAUUSD is broken which lead to Bullish outcomes. I use log-scale for long term charts and we can see clearly the falling channel is still intact. The 2006 uptrend was broken and tested at about 1375. Price's since then kept failing to go back to the test area and that's just the nature of it when retrace...
details on chart, likely 3rd test to $10 soon
Coins in short term retrace mode great for longs who to add
Elastic continues forming an overall cup to its ultimate retrace to .00025. On a short term scale it also seems to be forming a c&h, RSI is on the way down so I expect downward along the gann fan 3/1 until buyers come back to travel through the 4/1. The thin ichimoku cloud might spell more downward action as it either passes through or jeeps rising above it....
Bullish Cup with falling handle - like before
Fully formed and awaiting to meet target as per chart, I think this is the only thing holding it back? Target : $4905/06 calculated using Bulkowski's formula ~ thepatternsite.com Also R2 happens to be resistance level at this price. thepatternsite.com
Been watching this cup and handle develop and it's not breaking out. Long above $54.50, target of $62.
BTC is now above his ATH discovering new worlds, three patterns shows that BTC is still bulish. Average target for all is 5000-5200. Note: Trade at your own risk, this is an especulation.
My own exchange needs some love so think we are moving up to meet Broadening Top line? To this formed nice C&H with a retest just today! Target C&H : £3782 thepatternsite.com
SYS looks to have topped out for the meantime. looks to me like a nice cup & handle may be about to form, but I could be wrong - this is just a thought. if it does form, enter a long position at the bottom of the handle for maximum profits. could be a 4x gainer in the coming month or so.