I have been observing this traingle breakout for 2 months now.. but it never picks up momentum. and rally fizzles out. Holding heavy quanity@188.
Think there's extreme selling pressure around 180 lvl. It will not surpass it's attempt and finally will break down below 167. What's your take ?
helloabdul
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@mukeshsingh92, Small update in the Triangle pattern and current 4H candle looks like retracement, (Previous 4H candle has log wick - that's a small concern)
If this retracement is success this will attempt 4th time at top of the Triangle in breakout, if not happening we need to change the strategy, Thank you
mohan369
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Can we go for buy today ? with today low = SL ?
helloabdul
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@mohan369, Kindly read the chart and take your own decision!
We can do SL @ 165
Think there's extreme selling pressure around 180 lvl. It will not surpass it's attempt and finally will break down below 167. What's your take ?