Hey y'all as we can see a Bearish Rising Wedge has formed and now we can expect for a long bearish move.
Let's see...
Follow me for any update on this idea and other ideas to.
XAUUSD : xauusd is currently going to sell down for beyond the technical analysis XAUUSD sell down
REASONS :
1. Trend reversed into the down trend
2. Continuation Pattern : rising wedge formed..
3. xauusd is corrective wave also completed to going down.........
Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down...
AUDCHF has been spotted in rising wedge which is a bearish pattern with bias to break to the downside.
Entry is around 0.65650 and take profit at 0.65350, roughly around 30 pips profit.
Good luck!
Tibor
Followup trade
Levels mentioned on the chart
Ex: Rising Wedge
Awaiting breakdown of lower channel
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On A Daily TIme frame , BankNifty has broken Rising Wedge pattern
When Price Action is considered, Dynamic Resistance still needs to be broken at 21023 if we consider bull to come back but not before 21356.
Multiple touch of upper trendline that makes dynamic resistance .
Upper trend line was respected for almost 5 months.
Looking further you will observe...
