Price formed a complete falling wedge pattern and it is getting ready to break. In the lower time frame in the last session a triangle pattern was formed and we can take this as an indication for breakout.
As long as price stays below the trend line resistance, It will be bearish...
It will be bullish only after if price break the trend line resistance...
🔴 DISCLAIMER : This is just for educational purpose....
Was a perfect falling wedge pattern and the pattern itself is the sign of the price going up. It was done in a style last trading day, but every time one cannot expect this kind of super moves.
Enjoy the profits when things fall in you way. Happy trading
BNF is trading a wedge range pattern and we can observe the range of the pattern squeezing at the end indicating contraction. There’s also falling wedge formation price action action pattern which indicates a possible reversal about to happen. Also we have a resistance level on hourly chart that could help the breakdown of falling wedge pattern. Trade at your own...
:-Gap fill and continue up trend
:-Gap fill+ retest of falling wedge supply zone
times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to
near 7500 levels
last trading day foreign investors sold a whopping 3500...
Abbott India one of the Portfolio stock was underperformer last many weeks, it has formed falling wedge Pattern on daily chart. Breakout will be good trading opportunity if closes above top trendline and sustains.
(Disclaimer : Study purpose, do your own analysis!)
1) FALLING WEDGE PATTERN ( Reversal pattern )
3) INCREASE IN VOLUME
Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.
LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own...
BNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect...