Date 15.08.2024
Force motors
Timeframe : Day chart
Remarks :
1 Formation of descending triangle & support of 100 ema extended to the neckline of descending triangle.
2 However, the price action is below the cloud & until price crossed upwards to cloud for breakout will be weak bullish.
3 If at all breaks down 100 ema + neckline, then don't try to catch falling knife
4 Moment within the triangle pattern is sideways journey.
Regards,
Ankur
Force motors
Timeframe : Day chart
Remarks :
1 Formation of descending triangle & support of 100 ema extended to the neckline of descending triangle.
2 However, the price action is below the cloud & until price crossed upwards to cloud for breakout will be weak bullish.
3 If at all breaks down 100 ema + neckline, then don't try to catch falling knife
4 Moment within the triangle pattern is sideways journey.
Regards,
Ankur
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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.