Ascending Triangle breakout - WLY and MLY
Price has moved up again after falling considerably from previous high all the way down to 500 or less.
This is a trend based analysis of
BHARTIARTL.
Price is looking bullish on different time frames. Further, an Ascending Triangle pattern is emerging further confirming the Bullish bias. Looks like the triangle break out may have occurred in WLY but not on MLY timeframe.
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
This is a trend based analysis of
BHARTIARTL. Price is looking bullish on different time frames. Further, an Ascending Triangle pattern is emerging further confirming the Bullish bias. Looks like the triangle break out may have occurred in WLY but not on MLY timeframe.
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
Trade active
price has taken support fron the WLY level. Can continue to accumulate or hold for upside target.Trade active
Price is taking support at WLY level. Close trade if level breaches with confirmationTrade active
Price is moving up after taking support again. This might be heading towards previous high if the overall markets do not crash which I feel is currently highly driven by over expectations.Trade active
Price is testing support and has gone back up. Very close to the intersection of the trend and S-R level. If price goes below the intersection with a strong momentum, then trade will be closed.Trade closed manually
Price is moving sideways and taking support. Getting out while still in profit.
Disclaimer
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