BITSTAMP:BTCUSD Bitcoins is forming the inverted cup handle pattern in daily timeframe which is bearish and trend continuous pattern which Technical analysts often use as selling opportunities because of their ability to "prove" the lack of buying pressure during the timeframe being assessed. i think it ll go down upto 22400$ level .
its just for eduactional...
Here I am new and learning all about trading and analyzing and this is the best platform to interact with the professionals and masters.
Here is my question is just that am I analyzing correct inverted cup and handle pattern in icici bank in hourly chart pattern ?
I've been tracking M&M whole day today. M&M is forming a inverted Cup and Handle pattern as drawn in the chart. It has a very crucial support of 600 which it tried to break a lot of times but failed.
I think it will breakout downward tomorrow.
Can be shorted below 599 and target of 580 and 590 respectively.
IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness
Target and trading plan is mentioned in the chart.
Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
It has formed an inverted bearish Cup and Handle. Of course, handle is still in the making. This chart pattern tends to trigger a bearish price movement. A limited fall in price up to 1450 is expected. This is based on depth of a cup. If you plot daily trading volume from 10th Jan to 22nd Jan then it supports or confirm the chart pattern.
Biocon price seems to have formed inverted Cup and Handle on a monthly candlestick chart. This is on the slanted price movement. Handle has reached 50% of depth of cup. Any significant upmove may invalidate inverted Cup and Handle. Need some more insights on Inverted Cup and Handle
Biocon has formed inverted Cup and Handle price chart. This is also known as bearish Cup and Handle. Biocon price has recently bounced back from 212 to form handle. One may want to consider it as the probable negative breakout. I am exploring the possibility of it happening. Can anyone please suggest?