Cup & Handle

26 Jun

I'm tracking a weekly chart that shows signs of a potential cup and handle pattern. While the structure is broadly intact, it's not a textbook formation. Recent market action has been noisy, and that’s reflected in the price and volume behavior.

The cup is well-formed: a rounded bottom following a downtrend and a steady climb back to previous highs.

The handle is messier than ideal – high volume and increased volatility suggest a false breakout attempt, likely driven by early positioning, profit taking, and possibly broader geopolitical or macro-driven factors.

This kind of “imperfect” handle isn't uncommon in real markets but does require more caution.

Breakout zone: Around ~6

Cup bottom: ~2.75

Depth: 6 – 2.75 = 3.25

Measured move target: ~9.25

This is a potential target, not a certainty — confirmation is key.

4 Jul

Dagangan aktif

Breakout confirmed
Daily Cup cleared $6.49, now trading at $7.06. Price is testing the 1.618 Fibonacci extension around $7.69 - a key level to watch.

Fibonacci targets ahead:

1.618 ext: ~$7.69 (current resistance)
2.618 ext: ~$9.32
3.618 ext: ~$10.95

Clean multi-timeframe breakout with good follow-through. Recent candles showing some upper wicks suggest profit-taking at current levels, but overall structure remains bullish.

Key support: $6.49 breakout level must hold on any pullbacks.
Next major target: $9.32 zone if price clears the $7.69 Fibonacci resistance.

6 hari lalu

Nota

Getting backstabbed here by a desperate offering with a 28% discount at $5 compared to yesterdays close a 6.95

businesswire.com/news/home/20250709472784/en/Vertical-Aerospace-Announces-Pricing-of-Underwritten-Public-Offering