Never traded this pattern, just playing around with chart. Will see if this really materialises. This pattern has to break the neck line to go go long. This can go short Link fo reference of pattern : www.forex-central.net
I last looked at JOY on 12th December 2014 when it gapped down (confirming an inverted cup and handle formation). At the time there were still a few support zones to tackle - plus earnings. So although I felt that in the longer-term price would continue to fall I wanted to wait for price to clear these hurdles. Unfortunately this meant waiting for the cup and...
Double bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad. Strategy: If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so,...
SPG caught my eye yesterday morning with 14th January's bullish bar on the breakout (and with higher volume). But it was trading below $200 so I passed it by. However, during the day price traded just above $200 ($200.42) so there could be continued strength to the upside. This is supported by the cup and handle pattern which formed below the May 2013 pivot high....
HHC is a little low on volume for me to trade but I like the sell/short set-up currently on offer. Price has the potential to fall to just below $104. There is currently strong support at around $100 (as seen from the weekly chart) and, if price approaches this level, we need to we aware of the weekly 200ma (which may come into play as further support). On the...
A cup and handle pattern can result in strong price movement. Enter a small position and scale in if volume continues to follow through.
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
This stock is gaining traction and has a nice pattern on weekly and with the breakout and santa rally has moved well. You can take the trade now within 5% of breakout or wait for a sell off test of the breakout area. Either way one to watch. As long as using good risk mgt you can take advantage of moves...
JOY caught my eye because of the inverted cup and handle formation - which Friday's gap down confirmed. Initially I thought this could be a good near-term shorting opportunity because price had broken below $50 and recent support - and the measured move could've made this worth considering for a quick profit. However, on closer inspection there are a series of...
Until earlier this year RCL had been in consolidation since 1999. After price finally broke above $58.88 a good trend began to develop but was seriously hindered by the October pullback. This breached the 1999 pivot high and the 200dma but it was not all bad news - a cup and handle chart formation developed on the daily chart suggesting a move to the upside...
This is the classical pattern CUP AND HANDLE at the top of a bullish trend. It is a BEARISH PATTERN so a downtrend is expected very soon.
LUV has been a good trending stock I have traded until the October pullback earlier this year. Breaking above the September high (and confirming a cup and handle chart pattern) offered the first opportunity to re-enter this stock. But with some uncertainty still in the markets I passed this one by. Since then price has continued its bullish rise with a more...
YHOO has not been on my watchlist for many years. I have posted the monthly chart to show why. After reaching it's peak in 2000 ($125) it has struggled to reach its former glory. But now we can see that a cup and handle has formed. And if price responses with a measured move then we can anticipate a substantial move up (possibly by as much as $30). On the...
LM reached a high of $140 in 2006 before plummeting to almost $10. Since then we have seen price bottom out (forming a cup and handle on the weekly chart) and begin a bullish wave up. During August and October a double bottom formation occurred - confirmed in November with a break of the neckline. The weekly double bottom presented itself on the daily chart as a...
ENH is not the best looking chart to trade right now but there's a textbook Cup and Handle forming on the weekly chart. Price just need to break the January high of $58.83 to confirm this chart pattern. Normally a cup and handle is tradable on the breakout but this one has taken almost a year to form so it may be advisable to wait a little longer - rather than...
H4 charts show the inverted head and shoulders pattern reaching its target. In the process, EURGBP also seems to have made a nice cup formation... Perhaps the declines that might occur could form the handle, potentially giving a bullish outlook to the Euro, in relation to the Pound. 0.78797 will be key to determining the outcome. A break of this support could see...