suriNotes.com’s Jan. 08, 2018 Chart Patterns & Algo. Trader BOOK + POSTER SALE A Weekly Publication Trading Cup & Handle Patterns Travel & Airlines
Chart Patterns & Algorithmic Trader 2018 ALL RIGHTS RESERVED No part of this document may be reproduced or transmitted without the express written consent of the suriNotes.com or Suri Duddella. This document relies on sources and information reasonably believed to be accurate, but neither the author nor publisher guarantees accuracy or completeness. The examples in this document could be considered hypothetical trades. The CFTC warns that: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. COPYRIGHT © 2018 – suriNotes.com Data & Charts are created by TradeStation Software from TradeStation Securities. Published in the United States of America
Disclaimer: All the material in this document is provided as Educational Material only. NONE of the chart patterns or chart setups or all other material in this document are trade recommendations. Trading is risky. You are 100% responsible for your own trading. Trading is risky. You are 100% responsible for your own trading. suriNotes.com or Suri Duddella, specifically disclaims any and all express and implied warranties. Your trades may entail substantial loss. Nothing in this document should be construed as a recommendation to buy or sell any security or other instrument, or a determination that any trade is suitable for you. Chart Patterns and other material in this document are Auto generated in TradeStation software and we try our best to check for errors and data consistency, but they may still consist of data or algorithmic errors.
Market Quotes “A bull market tends to bail you out of all your mistakes. Conversely, bear markets make you pay for your mistakes.” - Richard Russell "The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” - Trader Vic “People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.” - Jesse Livermore
Table of Contents US Markets Patterns Gallery Chart Patterns Energy & Oil Stocks Stocks/Futures/Commodities/FX Earnings Next Week/Charts Watch Lists Bullish/Bearish, Relative Strength Key Supp/Resistance/Pivots Charts Gap Charts Weekly Relative Performances ALGORITHMIC TRADER Trading Cup & Handle Patterns Algorithmic Trades Symbols Universe Books/Websites/Software
Chart Links ■Major Market Indexes Trends ■Gold, Silver, Oil and 10 Yr Notes ■TRAN, VIX, DXY, @TY ■@QM Inv. H&S Pattern ■@GC (W) ABC Bullish Pattern ■AAL Symmetric Triangle ■ALGT Inv. HS Pattern ■DAL ABC Bullish Pattern ■JBLU ABC Bullish Pattern ■LUV Symmetric Triangle Pattern ■UAL Dragon Bullish Pattern ■CTRP AB=CD Pattern ■DIS ABC Bullish Pattern ■PCLN Head and Shoulders Pattern ■CVX Cup & Handle Pattern ■BRTI Parabolic Arc Pattern ■AKAM ABC Bullish Pattern ■MU ABC Bullish Pattern ■AVGO ABC Bullish Pattern ■UPS Cup & Handle Pattern ■JPM Cup & Handle Pattern ■IBM ABC Bullish Pattern ■XOM Inv. HS Pattern ■TWTR ABC Bullish Pattern ■TSCO ABC Bullish Pattern ■PIN ABC Bullish Pattern ■PVH ABC Bullish Pattern ■KO Cup & Handle Pattern ■CMG ABC Bullish Pattern ■GILD ABC Bullish Pattern ■FSLR Cup & Handle Pattern ■@CD ABC Bullish Pattern 12 13 14 15 16 20 21 22 23 24 25 26 27 28 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 51
■@CL Cup & Handle Pattern ■@EC Cup & Handle Pattern ■@FC Rectangle Channel Pattern ■@GC ABC Bullish Pattern ■@LC ABC Bullish Pattern ■@O Head and Shoulders Pattern ■@OJ ABC Bullish Pattern ■AUDCAD Falliing Wedge ■AUDCHF ABC Bullish Pattern ■AUDJPY Cup & Handle Pattern ■CADJPY Cup & Handle Pattern ■GBPAUD ABC Bullish Pattern ■NZDCAD Bull Flag Pattern ■GBPNZD ABC Bullish Pattern ■USDJPY ABC Bullish Pattern ■QM Fib. Zone Pivots ■@ES Gap Chart ■YM Gap Chart ■SONC ABC Bullish Pattern ■LEN ABC Bullish Pattern ■DAL Symmetric Triangle Pattern ■JPM Cup & Handle Pattern ■HDB ABC Bullish Pattern ■WFC Inv. HS Pattern ■GS Cup & Handle Pattern ■IBM ABC Bullish Pattern ■STX ABC Bullish Pattern ■AMTD Cup & Handle Pattern 52 53 54 55 56 57 58 62 63 64 65 66 67 68 69 73 77 79 83 84 85 86 87 88 89 90 91 92
Major Indexes
Major Indexes Major Indexes %Chg YTD
Chart Patterns & Algorithmic Trader (12) Major Market Indexes Trends All four major market indexes (Weekly) charts are showing strong eSix trends. www.surinotes.com
Chart Patterns & Algorithmic Trader (13) Gold, Silver, Oil and 10 Yr Notes Gold regained 200 SMA as it trades higher above 200 MA. Silver and Oil are below its 200 MA and Treasury Notes is just above 200 MA. www.surinotes.com
Chart Patterns & Algorithmic Trader (14) TRAN, VIX, DXY, @TY Transportation Index, VIX, U.S. Dollar Index (Weekly) and eSIX trend indicator. www.surinotes.com
Chart Patterns & Algorithmic Trader (15) @QM Inv. H&S Pattern @QM (D) is trading in Cup & Handle Pattern. C&H patterns are valid when price closes above breakout level. Entry above breakout level: 59.575, Handle Low: 55.825, 23.15% below breakout level. T1: 69.59 to 72.31 T2: 80.15 to 85.82 www.surinotes.com
Chart Patterns & Algorithmic Trader (16) @GC (W) ABC Bullish Pattern Reviewed in CPAT 09/18/17 $@GC (W) ABC Bullish Pattern Long Entry above 1207.8, Stop below 1144.1 (63.7), Target1 Zone: 1347 to 1402, Target2 Zone: 1560 to 1675 www.surinotes.com
Travel & Airlines Stocks (YTD%)
Travel & Airlines Stocks $XAL JETS ARCA Airline Index US Global Jets ETF
Chart Patterns & Algorithmic Trader (20) AAL Symmetric Triangle Reviewed in CPAT 12/11/17 AAL (Daily) is trading in Symmetric Triangle. Price needs to close above $54 for potential breakout. www.surinotes.com
Chart Patterns & Algorithmic Trader (21) ALGT Inv. HS Pattern $ALGT (D) is trading in Inv. H&S Pattern. Long entry above 145.00, Stop below 135.47 (9.53), Target1 Zone: 165.7 to 171.3, Target2 Zone: 187.5 to 199.2 www.surinotes.com
Chart Patterns & Algorithmic Trader (22) DAL ABC Bullish Pattern Reviewed in CPAT 12/04/17 $DAL (D) ABC Bullish Pattern Long Entry above 49.38, Stop below 48.32 (-1.06), Target1 Zone: 54.2 to 55.8, Target2 Zone: 60.4 to 63.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (23) JBLU ABC Bullish Pattern $JBLU (W) ABC Bullish Pattern Long Entry above 19.94, Stop below 18.04 (-1.90), Target1 Zone: 23.8 to 25.4, Target2 Zone: 29.9 to 33.2 www.surinotes.com
Chart Patterns & Algorithmic Trader (24) LUV Symmetric Triangle Pattern LUV (Daily) is trading in Symmetric Triangle Pattern. Symmetric Triangle breakout level is above $60. Targets: $67, $70-72 www.surinotes.com
Chart Patterns & Algorithmic Trader (25) UAL Dragon Bullish Pattern UAL (Daily) is trading in Bullish Dragon Pattern. Bullish Dragon pattern entry is above $70. Targets: $76, $82, $89-96 www.surinotes.com
Chart Patterns & Algorithmic Trader (26) CTRP AB=CD Pattern Reviewed in CPAT 10/30/17 CTRP (Daily) is trading in AB=CD Pattern. CTRP is reversing its downtrend as it completed 115%AB level. www.surinotes.com
Chart Patterns & Algorithmic Trader (27) DIS ABC Bullish Pattern $DIS (W) ABC Bullish Pattern Long Entry above 102.18, Stop below 96.19 (-5.99), Target1 Zone: 112.1 to 116.5, Target2 Zone: 128.9 to 138.0 www.surinotes.com
Chart Patterns & Algorithmic Trader (28) PCLN Head and Shoulders Pattern PCLN (Daily) is trading in Head and Shoulders Pattern. After trading below neckline (1781) for few weeks, PCLN now reversed its trend. If price continues to trade higher and closes above right-side shoulder (RS: 1961), H&S pattern is considered a failed pattern. www.surinotes.com
Chart Patterns Stocks/Options/Indexes
Chart Patterns & Algorithmic Trader (31) CVX Cup & Handle Pattern Reviewed in CPAT 10/23/17 $CVX (D) is trading in Cup & Handle Pattern. Entry above breakout level: 119.00, Handle Low: 112.52, 39.39% below breakout level. T1: 129.2 to 131.9 T2: 139.9 to 145.6 www.surinotes.com
Chart Patterns & Algorithmic Trader (32) BRTI Parabolic Arc Pattern $BRTI (D) is trading in Parabolic Arc Pattern. Current peak of the Arc pattern is at 19707.50. BRTI retraced 38% to 12906. If price closes below the recent low, $BRTI may trigger a sell off. Current eSIX is in a bearish mode. www.surinotes.com
Chart Patterns & Algorithmic Trader (33) AKAM ABC Bullish Pattern $AKAM (W) ABC Bullish Pattern Long Entry above 47.30, Stop below 44.64 (-2.66), Target1 Zone: 64.6 to 70.0, Target2 Zone: 85.6 to 96.8 www.surinotes.com
Chart Patterns & Algorithmic Trader (34) MU ABC Bullish Pattern $MU (W) ABC Bullish Pattern Long Entry above 11.54, Stop below 9.30 (-2.24), Target1 Zone: 28.7 to 34.0, Target2 Zone: 49.2 to 60.2 www.surinotes.com
Chart Patterns & Algorithmic Trader (35) AVGO ABC Bullish Pattern $AVGO (D) ABC Bullish Pattern Long Entry above 261.30, Stop below 253.38 (7.92), Target1 Zone: 286.9 to 296.0, Target2 Zone: 322.2 to 341.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (36) UPS Cup & Handle Pattern Reviewed in CPAT 10/09/17 $UPS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 120.44, Handle Low: 111.25, 50.16% below breakout level. T1: 131.8 to 134.8 T2: 143.7 to 150.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (37) JPM Cup & Handle Pattern Reviewed in CPAT 09/25/17 $JPM (D) is trading in Cup & Handle Pattern. Entry above breakout level: 93.98, Handle Low: 88.03, 48.22% below breakout level. T1: 101.6 to 103.7 T2: 109.7 to 114.0 www.surinotes.com
Chart Patterns & Algorithmic Trader (38) IBM ABC Bullish Pattern Reviewed in CPAT 12/04/17 $IBM (D) ABC Bullish Pattern Long Entry above 148.68, Stop below 146.20 (-2.48), Target1 Zone: 160.7 to 164.6, Target2 Zone: 175.9 to 184.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (39) XOM Inv. HS Pattern Reviewed in CPAT 10/16/17 $XOM (D) is trading in Inv. H&S Pattern. Long entry above 83.69, Stop below 81.85 (1.84), Target1 Zone: 88.4 to 89.7, Target2 Zone: 93.4 to 96.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (40) TWTR ABC Bullish Pattern $TWTR (D) ABC Bullish Pattern Long Entry above 16.19, Stop below 15.66 (-0.53), Target1 Zone: 19.8 to 21.0, Target2 Zone: 24.3 to 26.6 www.surinotes.com
Chart Patterns & Algorithmic Trader (41) TSCO ABC Bullish Pattern Reviewed in CPAT 11/20/17 $TSLA (D) ABC Bullish Pattern Long Entry above 308.56, Stop below 292.62 (15.94), Target1 Zone: 383.4 to 408.0, Target2 Zone: 479.1 to 530.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (42) PIN ABC Bullish Pattern $PIN (W) ABC Bullish Pattern Long Entry above 17.96, Stop below 16.78 (-1.18), Target1 Zone: 23.1 to 24.8, Target2 Zone: 29.7 to 33.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (43) PVH ABC Bullish Pattern $PVH (W) ABC Bullish Pattern Long Entry above 93.98, Stop below 84.52 (-9.46), Target1 Zone: 116.2 to 124.8, Target2 Zone: 149.6 to 167.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (44) KO Cup & Handle Pattern Reviewed in CPAT 10/16/17 KO (D) is trading in Cup & Handle Pattern. Entry above breakout level: 47.13, Handle Low: 44.33, 38.62% below breakout level. T1: 51.6 to 52.8 T2: 56.3 to 58.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (45) CMG ABC Bullish Pattern $CMG (D) ABC Bullish Pattern Long Entry above 297.23, Stop below 286.39 (10.84), Target1 Zone: 329.9 to 341.7, Target2 Zone: 375.7 to 400.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (46) GILD ABC Bullish Pattern $GILD (D) ABC Bullish Pattern Long Entry above 72.04, Stop below 70.04 (-2.00), Target1 Zone: 84.0 to 87.7, Target2 Zone: 98.6 to 106.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (47) FSLR Cup & Handle Pattern FSLR (Daily) is forming Cup & Handle Pattern. Cup & Handle patterns are only traded when price trades above breakout level and confirmed by strong volume. www.surinotes.com
Chart Patterns Futures & Commodities
Futures Chg%
Futures Weekly Performance
Chart Patterns & Algorithmic Trader (51) @CD ABC Bullish Pattern Reviewed in CPAT 12/04/17 $@CD (D) ABC Bullish Pattern Long Entry above 0.78030, Stop below 0.77520 (0.00510), Target1 Zone: 0.8385 to 0.8557, Target2 Zone: 0.9053 to 0.9411 www.surinotes.com
Chart Patterns & Algorithmic Trader (52) @CL Cup & Handle Pattern Reviewed in CPAT 12/11/17 $@CL (D) is trading in Cup & Handle Pattern. Entry above breakout level: 59.63, Handle Low: 55.81, 23.57% below breakout level. T1: 69.6 to 72.4 T2: 80.2 to 85.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (53) @EC Cup & Handle Pattern $@EC (D) is trading in Cup & Handle Pattern. Entry above breakout level: 1.19920, Handle Low: 1.16130, T1: 1.2846 to 1.3079 T2: 1.3748 to 1.4232 www.surinotes.com
Chart Patterns & Algorithmic Trader (54) @FC Rectangle Channel Pattern @FC (Daily) is trading in Rectangle Channel pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (55) @GC ABC Bullish Pattern Reviewed in CPAT 09/18/17 @GC (W) ABC Bullish Pattern Long Entry above 1207.8, Stop below 1144.1 (-63.7), Target1 Zone: 1347 to 1402, Target2 Zone: 1560 to 1675 www.surinotes.com
Chart Patterns & Algorithmic Trader (56) @LC ABC Bullish Pattern @LC (W) ABC Bullish Pattern Long Entry above 120.975, Stop below 115.375 (5.600), Target1 Zone: 144.88 to 152.89, Target2 Zone: 175.98 to 192.67 www.surinotes.com
Chart Patterns & Algorithmic Trader (57) @O Head and Shoulders Pattern @O (D) is trading in H&S Pattern. Short entry below 247.3, Stop above 273.6 (26.3), Target1 Zone: 190 to 175, Target2 Zone: 130 to 98 www.surinotes.com
Chart Patterns & Algorithmic Trader (58) @OJ ABC Bullish Pattern @O (W) ABC Bullish Pattern Long Entry above 265.3, Stop below 238.8 (-26.5), Target1 Zone: 319 to 341, Target2 Zone: 403 to 449 www.surinotes.com
Chart Patterns FX
FX Weekly Performance
FX Chg%
Chart Patterns & Algorithmic Trader (62) AUDCAD Falliing Wedge AUDCAD (Daily) is trading in Falling Wedge pattern. Reviewed in CPAT 12/11/17 www.surinotes.com
Chart Patterns & Algorithmic Trader (63) AUDCHF ABC Bullish Pattern Reviewed in CPAT 12/18/17 $AUDCHF (D) ABC Bullish Pattern Long Entry above 0.74910, Stop below 0.74154 (-0.00756), Target1 Zone: 0.7817 to 0.7926, Target2 Zone: 0.8241 to 0.8468 www.surinotes.com
Chart Patterns & Algorithmic Trader (64) AUDJPY Cup & Handle Pattern Reviewed in CPAT 09/18/17 $AUDJPY (D) is trading in Cup & Handle Pattern. Entry above breakout level: 88.171, Handle Low: 84.271, 58.30% below breakout level. T1: 92.30 to 93.43 T2: 96.67 to 99.01 www.surinotes.com
Chart Patterns & Algorithmic Trader (65) CADJPY Cup & Handle Pattern Reviewed in CPAT 10/16/17 $CADJPY (D) is trading in Cup & Handle Pattern. Entry above breakout level: 88.914, Handle Low: 85.415, 41.92% below breakout level. T1: 94.07 to 95.47 T2: 99.51 to 102.43 www.surinotes.com
Chart Patterns & Algorithmic Trader (66) GBPAUD ABC Bullish Pattern $GBPAUD (W) ABC Bullish Pattern Long Entry above 1.65501, Stop below 1.61605 (-0.03896), Target1 Zone: 1.7328 to 1.7646, Target2 Zone: 1.8560 to 1.9222 www.surinotes.com
Chart Patterns & Algorithmic Trader (67) NZDCAD Bull Flag Pattern NZDCAD (Daily) is trading in Bull Flag pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (68) GBPNZD ABC Bullish Pattern Reviewed in CPAT 11/13/17 $GBPNZD (W) ABC Bullish Pattern Long Entry above 1.78986, Stop below 1.73968 (-0.05018), Target1 Zone: 1.8874 to 1.9276, Target2 Zone: 2.0432 to 2.1269 www.surinotes.com
Chart Patterns & Algorithmic Trader (69) USDJPY ABC Bullish Pattern Reviewed in CPAT 11/6/17 $USDJPY (W) ABC Bullish Pattern Long Entry above 110.290, Stop below 107.311 (-2.979), Target1 Zone: 119.53 to 122.85, Target2 Zone: 132.42 to 139.34 www.surinotes.com
Key Support/Resistance, Pivots
Chart Patterns & Algorithmic Trader ES Fib. Zone Pivots (71) @ES Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (72) NQ Fib. Zone Pivots NQ Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (73) QM Fib. Zone Pivots QM Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (74) GC Fib. Zone Pivots @GC Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader YM Fib. Zone Pivots (75) YM Fib. Zone Pivots www.surinotes.com
GAP Charts Shows filled and unfilled gap levels
Chart Patterns & Algorithmic Trader @ES Gap Chart (77) @ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader @NQ Gap Chart (78) @NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader YM Gap Chart (79) @YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Earnings Companies releasing earnings in the next few weeks.
January Earnings Calendar
February Earnings Calendar
Chart Patterns & Algorithmic Trader (83) SONC ABC Bullish Pattern $SONC (D) ABC Bullish Pattern Long Entry above 24.40, Stop below 23.34 (-1.06), Target1 Zone: 26.4 to 27.2, Target2 Zone: 29.6 to 31.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (84) LEN ABC Bullish Pattern $LEN (W) ABC Bullish Pattern Long Entry above 42.37, Stop below 39.67 (-2.70), Target1 Zone: 47.4 to 49.5, Target2 Zone: 55.5 to 59.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (85) DAL Symmetric Triangle Pattern Reviewed in CPAT 12/18/17 DAL (Daily) is trading in Symmetric Triangle Pattern. Symmetric Triangle pattern breakout level is above $54. Targets: $63-65 www.surinotes.com
Chart Patterns & Algorithmic Trader (86) JPM Cup & Handle Pattern Reviewed in CPAT 09/25/17 $JPM (D) is trading in Cup & Handle Pattern. Entry above breakout level: 93.98, Handle Low: 88.03, 48.22% below breakout level. T1: 101.6 to 103.7 T2: 109.7 to 114.0 www.surinotes.com
Chart Patterns & Algorithmic Trader (87) HDB ABC Bullish Pattern Reviewed in CPAT 11/06/17 $HDB (W) ABC Bullish Pattern Long Entry above 61.41, Stop below 58.99 (-2.42), Target1 Zone: 73.2 to 77.0, Target2 Zone: 88.1 to 96.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (88) WFC Inv. HS Pattern $WFC (D) is trading in Inv. H&S Pattern. Long entry above 56.60, Stop below 54.91 (1.70), Target1 Zone: 61.1 to 62.4, Target2 Zone: 65.9 to 68.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (89) GS Cup & Handle Pattern Reviewed in CPAT 12/11/17 $GS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 255.15, Handle Low: 244.35, 23.72% below breakout level. T1: 283.3 to 290.9 T2: 313.0 to 328.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (90) IBM ABC Bullish Pattern Reviewed in CPAT 12/04/17 $IBM (D) ABC Bullish Pattern Long Entry above 148.68, Stop below 146.20 (-2.48), Target1 Zone: 160.7 to 164.6, Target2 Zone: 175.9 to 184.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (91) STX ABC Bullish Pattern Reviewed in CPAT 10/09/17 $STX (W) ABC Bullish Pattern Long Entry above 33.17, Stop below 30.59 (-2.58), Target1 Zone: 50.7 to 56.2, Target2 Zone: 71.9 to 83.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (92) AMTD Cup & Handle Pattern Reviewed in CPAT 09/18/17 $AMTD (D) is trading in Cup & Handle Pattern. Entry above breakout level: 47.41, Handle Low: 41.83, 49.42% below breakout level. T1: 54.4 to 56.3 T2: 61.7 to 65.7 www.surinotes.com
2016 & 2017 Relative Performances
Dow30 2016 & 2017 Performances
Sector ETFs 2016 & 2017 Performances
Indexes 2016 & 2017 Performances
Select Sectors 2016 & 2017 Performances
Futures 2016 & 2017 Performances
Commodities 2016 & 2017 Performances
Country ETFs 2016 & 2017 Performances
Weekly Relative Performances
Sector & Indexes Relative Performances Winners: GoldSilver, Defense, Drugs Losers: BioTech, Insurance
Dow 30 Weekly Relative Performance
Select Sectors Weekly Performance
Country ETFs Weekly Performance
Commodity ETFs Weekly Performance
Watch Lists Momentum Relative Strength Bullish/Bearish Lists NH/NL Oversold/Overbought Key Retracements
Sector ETF %DWMY
Relative Strength Ranks (200)
RS Ranks Sorted (Alpha)
Bullish/Bearish List
52 Week Highs and Lows
D%, W%, M%, YTD%
Algorithmic Trading Algo. Techniques Algo. Reports Current Algorithms ALL RETURNS POSTED ON THIS PUBLICATION ARE HYPOTHETICAL PERFORMANCE GENERATED BY COMPUTERIZED SYSTEM AND THEY ARE NOT ACTUAL TRADE REPORTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Trading Cup & Handle Patterns by Suri Duddella The Cup and Handle Chart pattern was developed and popularized by William J. O’Neil in the 1980s through his CANSLIM methodology, Investors Business Daily newspaper and his book "How to Make Money in Stocks." Cup and Handle pattern resembles a Cup with a Handle. Cup and Handle patterns are continuation patterns, and they usually form in bullish trends. Most Cup and Handle patterns are very reliable and offer great trading opportunities. They also form in all markets and in all time-frames. The “Cup” formation is developed as consolidation phase during price rallies from the round bottom formation over multiple weeks to months. The “Handle” part forms due to a price correction after “Cup” formation and before a clear breakout to the upside. Cup and Handle pattern structure show the momentum pause after reaching a new high in a U-Shape form, followed by another attempt to breakout. When this breakout from the rim of the cup fails it starts to fall back to build the "Handle" structure. Usually, the handle structures are small, and the handle depth should not exceed more than 50% of cup depth. This handle part of the pattern generates interest in buyers as they expect the pattern to breakout from these levels. The pattern is valid only if price convincingly breaks out with increased volume above the rim of the cup levels. Key pattern characteristics Trend: Prior trend before the formation of Cup & Handle pattern must be bullish. Cup Shape: The Cup formation should be "U" shaped and not "V" shaped. Cup Depth: Cup should retrace at least 25% of cup depth but may not be more than 50% of cup depth. Handle: Handle resembles a flag formation in a pullback fashion. Breadth (Width) of Handle is usually small, and it can be 25-40% of Cup's width. Volume: Volume diminishes during the first half of the cup and increases during the right side rise of the cup. Handle also exhibits a similar volume behavior. Volume should see a significant surge during breakout above the rim level. Duration: Cup and Handle patterns must have extended breadth (2 to 12 weeks) to be a valid pattern. How to Trade Entry: Cup and Handle patterns present great bullish trading opportunities. When the pattern breaks out above the rim of the cup, a 'long' trade is entered above the high of the breakout bar. Stop: A stop should be placed below the middle of the handle level. Targets: Targets are placed at 62-79% and 127-162% of the height of the cup above breakout level.
Current Examples The following examples shows current AMTD and JNJ daily charts with Cup and Handle Patterns.
Examples
PlatoAlgo. Performance Report (1/08/18) Short/Medium Term, Not for Sale or Lease.
Monty Algo. Performance (01/08/2018) Long Term, NOT for Lease or Sale
Symbols Universe
Symbol Universe of Stocks/ETFs
Symbols Universe
Books/Websites/Software
Poster 24” x 36” (100 lb. Gloss Paper) 30 illustrated patterns with Entries, Stops and Targets Pattern Conditions & Trading Rules $19.95 (FREE Shipping in the US) suriNotes.com PATTERNS | PRODUCTS | RESEARCH | BLOG Please send comments and suggestions to suriNotes@gmail.com
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