Descending Triangle
GRSE Analysis! Descending Triangle!GRSE Daily Analysis!
Descending Triangle Pattern Formation in GRSE!
Descending Triangle Breakout in GRSE!
Will not enter if candle closed inside the Triangle!
GRSE has made Descending Triangle Pattern on a Daily Timeframe. It gave a resistance breakout with high volume currently retesting the support level. Will Resistance become Support in GRSE? Will see
Entry = After Retesting
Target = 738.40
Stop Loss = Below Support
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
BITCOIN soon under Bearish ZoneBITCOIN 1-day Chart on #BitStamp
This chart pattern show out the movements of 3-month cycle as per daily analysis from dec-2022 to Nov. 2023 of 1-year market trends. Into every 3-month cycle, CRYPTOCAP:BTC downtrend divergence by Falling Wedge Pattern.
Market need a big correction, ad first Lower-Low divergence will be FWB:27K - FWB:25K , and if market goes into hard FUD/FOMO impact, then its Last Lower-Low cut-off point is around here.... $21.5k to $19.5k.
Always #DYOR, Trade with #StopLoss, It's #NFA
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Descending Triangle pattern breakout in Ambuja Cement Ambuja Cement Ltd
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Descending triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 430+.
✅Can Go short in this stock by placing a stop loss below 415-.
GLAXO | FAKEOUT OF DESCENDING TRIANGLE?The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle.
Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown.
The formation of a Bullish Harami cross, with heavy volumes suggest more buying down there.
(A Bullish Harami formation is when there is an inside bar formed next to a bearish mother candle, and the next candle crosses the high of the Mother candle)
A stochastic crossover in the Oversold zone also suggests buying coming in instead of selloff
POINTS TO NOTE BEFORE INITIATING LONG:
1. A breakdown of a descending triangle, yet the follow-up selloff is missing.
2. Formation of a Bullish Harami Cross suggesting buying
3. A stochastic crossover in the Oversold zone.
4. Last but not the least, if it does turn out to be a fakeout, the RR is close to 5.5. (Considering the target after a successful breakout to the upside as the pattern height)
Considering the above points, a long can be initiated as follows:
Entry 1450
SL 1370
Targets 1870
RR 1:5.5
As always trade according to your risk appetite. And always enter your SL first.