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Cupandhandlepattern

XAUUSD - Gold Bug's Road Map for Swing Long Cup and Handle This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year. The stochastic RSI indicator has been adapted to the long chart period. Over the current YTD the handle has formed and price is headng to the top of the cup where an uptrend should extend to the same additional upside as the cup height. This would equate to a price of about $ 2100 to be achieved over about six months which is approximate 1/2 of the cup width. Fundamentally, the expected recession coupled with the bank upheavals, the collapse of FTX and other challenges to crypto lead a " flight to safety" Globally, central banks are stockpiling gold as means to fortify ahead of the economic headwinds This has created a supply and demand imbalance. Eco 101 says the price will adjust upward until demand destruction sets in. On the equities markets, mining stocks have had a good month as have the ETF both leveraged and unleveraged.
OANDA:XAUUSDLong
by AwesomeAvani
A Cup and Handle on Pegasystems! Potential of +50%NASDAQ:PEGA Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today's preferred interaction channels, from the traditional call center environment to Internet self-service. The company's customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. A cup and handle has been formed on Pegasystems. I dont need to tell much, the chart is telling everything. I am waiting for the breakout of the bullish flag (handle), then a small entrancement to enter. We expect to see resistance at 49 - 51, then at 54 - 56, then a move to 70. Let's get it!!! Many thanks for the amazing mentorship from @Market-Snipers
NASDAQ:PEGALong
by bellaSoussa
ISMT MULTIPLE YEARS CUP BREAKOUT!!!Hello to everyone The price given multiple years cup pattern breakout with massive volume buildup. Breakout also done by good candle above the resolution point. price consolidated for very long time near the resolution point an finally given the breakout above the resolution point. RSI also taking strong support at the 60 level and the price holds itself perfectly which is showing that price has enough momentum and potential to go upside for their upward targets. The range of 40--42 is strong support zone for the price. After breakout we can expect targets of 100--130 in next coming days. After multiple years breakout expecting good move in price. Keep the stock to your radar list for good returns. ISMT LTD 👉Multiple Years Cup Breakout ✅ 👉Breakout after long time consolidation👍 👉Good volume Buildup✅ 👉Strong Breakout 👉RSI at 60 support 👉After Breakout Possible Targets-- 100/130+ 👉Keep on radar✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
ILong
by Jha_Nidhi
2
LCID Lucid Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $8.50 strike put options expiring 3/10 and then upon hitting the full retracement close than position and open $9.50 call options expiring 3/17. Overall, expecting 200-300% realized profit on the trades. Not at all a surprise but FSR / Fisker has the same pattern and so a similar idea.
NASDAQ:LCID
by AwesomeAvani
3
FISKER FSR Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $7.50 strike put options expiring 3/10 and then upon hitting the full retracement close than position and open $8.50 call options expiring 3/17. Overall, expecting 200-300% realized profit on the trades. Not at all a surprise but LCID / Lucid has the same pattern and so a similar idea.
F
by AwesomeAvani
Adam/Eve Reversal Formation at Falling Wedge BreakoutYFI has both broken out of its falling wedge, and formed an Adam & Eve reversal pattern at the end of that breakout, neckline already has a breakout. Before heading to targets for either (targets on the chart): - I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k It will likely consolidate around the 200 EMA for a bit before moving on to higher targets, or failing to get above it and re-testing either top of wedge break or Adam/Eve neckline again. Adam/Eve pattern could also be considered a cup & handle - targets would be the same in either case. SUMMARY - if we can eventually get and hold above the 200 EMA, short-term targets are the Adam/Eve TP 1 and 2, and longer-term targets are the falling wedge TP 1 and 2. - meanwhile, look for a move above the 200 EMA to 8800-9k, followed by consolidation around the 200 EMA.
BINANCE:YFIUSDLong
by dudebruhwhoa
5