Yes, hope it will go up, thank you, in 15 minutes chart candle shows bullish engulfing also, further candles above 50 MA
preyanshdwivedi
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Hi Sir,
may i humbly ask which chart pattern is this? I want to learn this.
THanks
Omahto
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@preyanshdwivedi, Stock has been falling from 13 Oct 2021, made a bottom on 24 Feb 2022. On 1st Apr 2022 we got a trendline breakout which invalidated the down move which started from 13 Oct 2021. Higher high formation started. So in the pullback we got a double bottom and a trendline breakout which is market in the chart.
Hope you got a brief about this trade setup.
The ABCD harmonic pattern plotted is used to project target, which is based on retracement calculation. Main this is price structure.