CUP
Cup and Handle Formation - SMART MONEY IDEAA cup and handle formation has been formed.
We are soon to see a breakout on the upside.
This trade also goes against the sentiment for GBP/JPY + GBP/USD, which means we are even more likely to see a break to the upside (trade alongside the big banks and usually against the majority)
Good luck guys!
RSRBTC1H. My Cup did not quite 'runneth' over..Price broke trend line 'A' decisively and made gains. I sold too early at 13040. Had I been paying greater attention I would not of missed the formation of a lovely cup and could of raised my price expectations accordingly. Still, about 5% for me and the prospect of jumping back in - if we're lucky we just might form a handle for the cup yet... Trend line 'B' the dashed line gave me my original exit target being a parallel projection of its counterpart dashed line ( put it originally in the wrong place!). Now possibly this may be the formation of a new channel.
Abbot Laboratories $ABT "Cup"$ABT is forming cup needs to hold above $100 for a confirmation. watch for a heavy volume as well
12 months Consensus Price Target: $103.67
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Thx
EURUSD PREPARING CUP FORMATIONEURUSD is ready to complete the cup formation. Then we'll observe the handle.
We have to be careful about MA 20. If it breaks below, we may see downward action.
Price that is higher than MA 20 is still long in my opinion.
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Palo Alto Networks $PANW "cup"$PANW is breaking out the cup formation with high volume.
12 months Consensus Price Target: $257.66
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Cup And Handle ☕️ 🦐A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
F Flying lets Go Camping Yeah!Well this is a sure thing people will be buying and renting what? Campers and as Summer draws near its a perfect adventure confined with the people you love Right Right! Look for a bit of consolidation in next week or so to form at prior high.. handle then you no the expression deeper the cup Yeah!