TATA MOTORS LTDUpdated TATAMotors Symmetrical Triangle 4HR
A Symmetrical Triangle is a "bi-lateral" pattern, meaning it could break in either direction.
This means we need to plan for both Short and Long situations. Our target is (pattern height * chance of success) 32.35*0.58 = ~18.76$ from breakpoint.
Entry: Wait for pattern to break in either direction + 1 bar for confirmation
TP: ~18.76$ from breakpoint
SL: Last swing point, Short SL: ~137.75, Long SL: ~126.70
R/R: Will update after breakout.
Pattern info: thepatternsite.com/st.html
This means we need to plan for both Short and Long situations. Our target is (pattern height * chance of success) 32.35*0.58 = ~18.76$ from breakpoint.
Entry: Wait for pattern to break in either direction + 1 bar for confirmation
TP: ~18.76$ from breakpoint
SL: Last swing point, Short SL: ~137.75, Long SL: ~126.70
R/R: Will update after breakout.
Pattern info: thepatternsite.com/st.html
Order cancelled
the market is very uncertain. will wait for next pattern
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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.
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.