Fantastic real-time TRIANGLE pattern on ITC
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE(means big and surge move)! Changing in volume will provide you hit for direction. I have plotted average volume when it break and crossover 2x or 3x in volume will guide the direction of SPIKE.
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE(means big and surge move)! Changing in volume will provide you hit for direction. I have plotted average volume when it break and crossover 2x or 3x in volume will guide the direction of SPIKE.
Trade closed: target reached
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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.