๐ก WTF Parallel Channel
The stock was respecting a long-term descending parallel channel (yellow lines), and recently took support off the lower boundary.
๐ Higher Low Formed
It created two clear demand zones (marked boxes), confirming higher lows โ a classic signal of accumulation and reversal strength.
๐ Supply Zone Broken
Not just any breakout โ it smashed through the supply zone with strong bullish candles, showing conviction and volume support.
๐ Trendline Breakout
Today, it broke out of the counter trendline (CT) and the descending resistance (2 dotted lines) โ both gone in a single strong move, putting it in a clear breakout zone.
๐ฏ What's Next?
The stock was respecting a long-term descending parallel channel (yellow lines), and recently took support off the lower boundary.
๐ Higher Low Formed
It created two clear demand zones (marked boxes), confirming higher lows โ a classic signal of accumulation and reversal strength.
๐ Supply Zone Broken
Not just any breakout โ it smashed through the supply zone with strong bullish candles, showing conviction and volume support.
๐ Trendline Breakout
Today, it broke out of the counter trendline (CT) and the descending resistance (2 dotted lines) โ both gone in a single strong move, putting it in a clear breakout zone.
๐ฏ What's Next?
โ
Telegram ( More Charts) : t.me/hashtaghammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
Related publications
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.
โ
Telegram ( More Charts) : t.me/hashtaghammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
โ WhatsApp (Contact me) : wa.me/919455664601
โ YouTube (More Content) : youtube.com/@HashtagHammer
Related publications
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.