Long

Triangle - Wockhardt

Updated

Triangle formation
Break out awaited
Volume push needed for surety

Note

Trade never triggered.

Note

This was my mistake. This was symmetric triangle. and it did give an excellent downward move. This wasn't an ascending triangle. Only ascending triangles are expected to give upward move. Symmetric triangles can give move on either side. Descending triangle is expected to give downward.

So my earlier comment is wrong. Trade did trigger.

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