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Stair Steps Pattern | ULTRACEMCO 🎯

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NSE:ULTRACEMCO1!   ULTRATECH CEMENT FUTURES
The stair steps pattern overview

The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern
In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price correction areas create new levels of resistance which soon will be broken again so the uptrend continues.

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Order cancelled: Below is the exact textbook example & you can observe the same in the chart
πŸ‘‰Just for the educational purpose πŸ‘ˆ

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