When such thing happens where you see multiple patterns aligning even you check for the indicators you saw a uniformity, then the breakout become most probable. All traders seeing the charts every type of trader whether he be a reversal or a trend follower in different time frame ,there trades got aligned.
In this case we should also check for the fundamental of the company and the past price behaviour in slimiler situation.
I have a very bad experience with such clear cut charts.
here we see,
1) channel pattern
2) consolidation pattern in daily time frame
3) triangle pattern in 1 hour time frame
4) head and shoulder in daily time frame
my view is bullish and I am considering this setup to bet on.
In this case we should also check for the fundamental of the company and the past price behaviour in slimiler situation.
I have a very bad experience with such clear cut charts.
here we see,
1) channel pattern
2) consolidation pattern in daily time frame
3) triangle pattern in 1 hour time frame
4) head and shoulder in daily time frame
my view is bullish and I am considering this setup to bet on.
Comment:
breakout level is 1440
