LTIM: The Final Squeeze – Breakout or Breakdown?LTIMINDTREE: The Big Squeeze! ⚡ Which Way? 🐂🐻
Timeframe: Daily
Trade Type: Swing/Positional
Pure Price Action Setup: LTIMINDTREE is compressing into a textbook Symmetrical Triangle on the daily chart. This is a classic consolidation pattern where the market is building energy for a significant breakout. Volatility is collapsing into a tight apex!
Key Decision Levels:
Bullish Trigger: A decisive daily close above 5350 (the recent upper trendline resistance).
Bearish Trigger: A decisive daily close below 5067 (the rising lower trendline support).
The Trade Plan:
👉 BULLISH BREAKOUT Scenario 🐂
Entry: On a close above 5350.
Confirmation: A significant increase in volume on the breakout candle should confirm buyer commitment.
Target 1: 5554 (Previous major high)
Final Target: 6042 (All-Time High & Pattern Confluence)
SL: Below the breakout candle or the lower trendline.
👉 BEARISH BREAKDOWN Scenario 🐻
Entry: On a close below 5067.
Confirmation: A noticeable spike in volume on the breakdown would validate seller dominance.
Target 1: 4939 (Initial support zone)
Final Target: 3767 (Major Swing Low & Pattern Confluence)
SL: Above the breakdown candle or the upper trendline.
Pattern Depth & Significance:
The triangle's maximum depth is measured from its origin: the high of 6042 (Feb 5) to the low of 3767 (Apr 7).
This is a 2,275-point range.
In percentage terms, that's a ~60.3% move from high to low.
Why this matters: The energy stored in a pattern of this scale suggests the resulting breakout could be powerful and sustained. Always trail your stop loss after Target 1 is hit! 🔒
Risk Management is NON-NEGOTIABLE!
This is a high-risk, high-reward setup. Your stop loss is your best friend.
📜 Disclaimer: This is an educational example of technical analysis and NOT financial advice. Trading carries a high level of risk. You should consider whether you can afford to take the risk of loss. Perform your own research before making any trade decisions.
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