BAJFIN SYMMETRICAL TRIANGLE BREAKOUT NEGATIVE FOR SHORT-TERM
-stock all most closed below the levels of 5000(fut)
-throught the day after the pattern breakout the stock consolidated
-see continuation on the downside
-stock on daily chart also managed to close below its 20-ema
-fresh leg of upside starts above 5115 only
-on the downside initial target can be 4940
-only hurdle comes in is at the 200-ema on hourly chart
-once sustains below 4930 then we can expect 4880-4830-4779
-throught the day after the pattern breakout the stock consolidated
-see continuation on the downside
-stock on daily chart also managed to close below its 20-ema
-fresh leg of upside starts above 5115 only
-on the downside initial target can be 4940
-only hurdle comes in is at the 200-ema on hourly chart
-once sustains below 4930 then we can expect 4880-4830-4779
Trade closed: stop reached
BAJFIN DID CROSS ABOVE 5115 THOUGH MADE A LOW OF 4960
WE EXITED AT INSIDE BAR BREAKOUT 5050
Note
HAD ANTICIPATED THE PULLBACK TOOK OUR STOP BY 5 POINTS AND BROKEDOWN
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.