GRSE Daily Analysis! Descending Triangle Pattern Formation in GRSE! Descending Triangle Breakout in GRSE! Will not enter if candle closed inside the Triangle!
GRSE has made Descending Triangle Pattern on a Daily Timeframe. It gave a resistance breakout with high volume currently retesting the support level. Will Resistance become Support in GRSE? Will see Entry = After Retesting Target = 738.40 Stop Loss = Below Support
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
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GRSC Flag and Pole Pattern Breakout on Daily Timeframe!
Trade closed manually
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Pattern Failure!
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Breakout attempted for the 2nd time Will see our target will reach or not.
I don't want to boast about this failure, nobody is a guru or 100% sure in markets but the important factor is to make sure that probability to win ratio is better. We just cannot enter any trades. Learn a pattern and trade only that pattern. I learnt the descending triangle pattern for years. My biggest mistake is that when i didn't get the patterns i would invest or take positions in other patterns and had to learn it the hard way otherwise the pattern gives me 80 to 90% probability ratio. What problem was in your chart that it was very volatile before 2023, big candles. And you have drawn a descending triangle and you forgot the basic lesson that base must form. Learn from mistakes bro, i can help and if you want, we both can find charts and trade if you wish, i would be happy to help.
@RamboGunner It has reached our Projected Target after a breakout failure.
RamboGunner
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@Avinash9087, already the sl is hit. once sl is hit, its useless to enter. Markets were rallying so all stocks moved. I don't want to make a negative answer but thats how it works.
Avinash9087
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@RamboGunner yes correct. but as per technical analysis it has worked
RamboGunner
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@Avinash9087, i don't agree with the setup, anyways its your logic. all the best.