Einstein15

INFY Triangle

NSE:INFY   INFOSYS LTD
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8
206 4
INFY is moving in a triangle. Expecting a breakout/reversal on the account of results today( ish )
bro, what do u think of the curent situation, this is really confusing, u must have noted a butterfly pattern a bearish one is in fo0rmation int he daily charts right, if tat happens man, infy is going to be i distribution... whats ur overall take on this....
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Einstein15 capsule91
@capsule91, Yes. but i dont trade Butterflys or Crabs...coz I AM BATman (in batman's voice) :D
BUT on weekly, it shows a nice wycoff distribution and Accumulation . idk if yellow can be called as a clean Wc- Distribution. but it does seem like the accumulation is complelte in Blue box. and just flagggin up after the huge leg up. TBH, i traded it just as a triangle and nothing more. Also just like almost every gap gets filled, the Result-induced gaps get filed faster. I think i am just gonna trade the triangle and see what side it breaks out and retests the trisngle lines or the SUpport zones on weekly, if it breaks on the downside
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Einstein15 Einstein15
@Einstein15, i did find a BATMAN Pattern once :D and it did complete the right wing as exited the Insignia mirroring the entry and is still kinda mirroring it.
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any reason for negative?
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