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Cupandhandlebreakout

Will TSLA have a bloodfree September?NASDAQ:TSLA On the 2 Hr chart, TSLA seems to be forming the handle of a cup and handle pattern started back in April. The MACD shows K/ D signals about to cross under the histogram while the 'RSI oscillator shows no divergence that would suggest a reversal of the downtrend. So, will the pattern be intact and TSLA have a good September with bullish continuation or instead will there be more blood in the street for September and TSLA continue on its downtrend? What is your opinion
NASDAQ:TSLA
by AwesomeAvani
2
Mahindra holidays amd resorts india LtdMahindra holidays amd resorts india Ltd good for swing trading Buying this stock also because cup and handle pattern is forming volume is hingh cup and handle breakout BUY =286.45 Stop loss=261 1st target =308 2nd target=331 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
NSE:MHRILLong
by LR_RAJSharma
XAUUSD SPOT GOLD LONG SWING Cup & Handle PatternOANDA:XAUUSD The 4H XAUAUD is set up on the finish of a cup and handle pattern and so bullish continuation is about to ensue. The chart shows the depth /height of the cup. I will enter when the basis of the Bollinger Bands reverses into an uptrend. Stop loss will be outside the LBB at that time or alternatively the recent swing low. Targets, as drawn to the chart, are the POC of the volume profile, the triple top of June and the double top of May as also shown with arrows. I expect this to be a high probability trade for a few months with a high yield compared with the risk. Teh gold bull run will be fueled by continued inflation the erosion of dollar value (DXY) as well as fear and the flight to safety (VIX). What is your opinion ?
FX:XAUUSDLong
by AwesomeAvani
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The cup and handle on a relatively long time frame increases both its reliability and the time period for which the pattern to play out.
AMEX:BOILLong
by AwesomeAvani
#3 Bullish Pattern: Cup and HandleRanked at #3 in the Bullish Pattern series is the Cup and Handle Pattern. Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle. The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup. There are 2 types of Cup and Handles. U shaped -A longer, flatter bottoms provide stronger signal. V shaped - V quickly recovers, should be avoided. Handles decline can be up to 1/3 of the cups right side with traditional handle performing a test at the 50% retracement level. The price target is calculated using the bottom of the cup and the handles breakout. In the case of CHWY, the breakout to the price target is nearly complete (may already be in at 52). The next bullish pattern is #4 The Bull Flag
NYSE:CHWYLong
by SPYvsGME
7
$CI is breaking out of a ~14 month cup with handle pattern!Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking out of a ~14 month cup with handle pattern * It did break out before but then pulled back (seems like a shakeout) * Now it's been in a tight range just above the broken resistance creating new support * The last session printed a pocket pivot indicating institutional buying Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 5.55 Relative Strength vs. SP500: 28.95 U/D Ratio: 1.77 Base Depth: 43.95% Distance from breakout buy point: 1.09% Volume -5.44% below its 15 day avg. Trade Idea: * You can enter now as the price is just above the broken resistance with the last session being a pocket pivot * If you want a better entry you can look for one around the 270.1 area * This stock usually has local tops when the price closes around 9.18% above its 50 EMA * Consider selling into strength if the price closes 8.98% to 9.38% (or higher) above its 50 EMA * The last closing price is 3.9% away from its 50 EMA
NYSE:CILong
by HaseebKhan_90
$CI looking to break out of its ~14month cup and handle!Notes: * Very strong up trend on all time frames * Great earnings track record * Pays out dividends * Forming a cup and handle over the past ~14 months * Bouncing off of its 50 day line with very bullish price action and volume Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 2.7 Relative Strength vs. SP500: 1.65 U/D Ratio: 1.15 Base Depth: 43.95% Distance from breakout buy point: -2.77% Volume 2.78% above its 15 day avg. Trade Idea: * You can enter now as the price is just bouncing off of it 50 day line with volume * If you want a better entry you can look for one around the 262.8 area * This stock usually has local tops when the price closes around 9.64% above its 50 EMA * Consider selling into strength if the price closes 9.44% to 9.84% (or higher) above its 50 EMA * The last closing price is 3.14% away from its 50 EMA
NYSE:CILong
by HaseebKhan_90