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umang244
May 5, 2020 6:56 AM

ascending triangle after down trend signalling trend reversal ? Long

Nifty Bank IndexNSE

Description

Hello all,
I am new to tradingview as well as technical analysis and would appreciate the support of all the great minds out here . I am sure my first few posts will not be entirely accurate but thats where I am really looking for suggestions from you all.

Here in Nifty Bank can this be observed as an ascending triangle after a down trend signalling reversal ?

Please advise

Thanks in advance and sorry if it was wrong
Comments
Abhijit_Paul
Ascending triangles or for that matter most triangles are continuation in nature and so ideally this pattern should break on the down side keeping in mind the erstwhile trend is down ... trade well
umang244
@Abhijit_Paul Hi Abhijit Ji
I am one of your students in a current batch . Can you please validate or correct this ? Would be very helpful
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