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Descending Triangle

📚Trading Lesson. Triangle Types & How to Read Them📚 Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets. Depending on the shape of the triangle, there are three main variations of this pattern. Its meaning changes dramatically from one to another so it is crucially important for you to know the difference. 👉 The symmetrical triangle is determined by two contracting trend lines. The pattern is considered to be indecisive meaning that while the market is stuck within, the directional bias is unknown. Only the breakout of a boundary of a triangle clarifies the future direction. 👉 In contrast, the ascending triangle (also called a bullish accumulation) is a classic example of a bullish biased pattern. With a horizontal trend line serving as resistance and a rising trend line service as support, the market is accumulating volumes for a bullish breakout. Once the horizontal resistance is broken, bullish continuation follows. 👉 The descending triangle is a bearish biased pattern. Also called a bearish accumulation, the pattern indicates the preparation of the market participants to set a new low after consolidation and contraction within a triangle. Once the horizontal support is broken, bearish continuation follows. 🔔Please, support this educational post with a lovely comment and like. Also, subscribe to our page for more educational posts & signals.🔔
BITFINEX:BTCUSDEducation
by UnitedSignals
3
FOCUS ITC Ltd triangular pattern :)PROS: 1. stock forms a good good triangular pattern and now it is in near support 2. if it breakout then it will move further up and vice versa. 2.on 18th friday the last candle was a little hammer. 4. BUY SELL TARGET is at your own trading style. CONS: 1.Stock breaks 50 EMA and also 200 EMA. 2.the last candle was hammer but its not a perfect one its a red bearish hammer. 3. if stock breaks support it will go down more maybe. for more updates FOLLOW ME :)
NSE:ITCLong
by ChakravarthyBatna
🔰 InfoEdge Analysis with Live trade and its review 💲Thanks for 500 Followers guys💲 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲 🔰MY entry: 4820 ( 1 L invested with a risk of 5% ), I believe in my system and follow the process thus risk-reward is based on the edge of my system. So that's invariant still just for the psychological purpose. 🔰I too am a learner and would love to learn with you all :) 🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :) ➼Don't blindly take the trade focus on the process first then step into the trade ➼Define your risk first then trade ➼If your setup of trading and mine matches then it's awesome we think the same :) 🔰 {Some info} - updated ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process ➼just from an educational point of view and no calls. ➼Guidance: The Madras Trader <<<<<>>>>>
NSE:NAUKRILong
by Averoy_Apoorv_Analysis
11
Ashok Leyland in somewhat Descending Triangle Chart PatternIt tried breaking out from the descending triangle but it seems like it failed or came back to retest, we need to observe closely, where it wants to go in the future. KEY TAKEAWAYS A descending triangle is a signal for traders to take a short position to accelerate a breakdown. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts. For Educational Purpose Only.
NSE:ASHOKLEY
by ankushsingh29
MY next possible trade - NAUKRI - SwingWaiting for BO @ day close only :) I JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :) 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:NAUKRILong
by Averoy_Apoorv_Analysis
8
#1 MIDHANI - Invested 1L in it lets see | Part-1💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲 🔰I too am a learner and would love to learn with you all :) 🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :) ➼Don't blindly take the trade focus on the process first then step into the trade ➼Define your risk first then trade ➼If your setup of trading and mine matches then it's awesome we think the same :) 🔰 {Some info} - updated ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process ➼just from an educational point of view and no calls. ➼Guidance: The Madras Trader <<<<<>>>>>
NSE:MIDHANILong
by Averoy_Apoorv_Analysis
4
Price Action Pattern - ASHOKLEY💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and potential movers on your watchlist :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ASHOKLEYLong
by Averoy_Apoorv_Analysis
6