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Symmetrical Triangle

HUL - Wedge formation in ascending triangle I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly time frame 3. Cup and handle pattern completion on daily time frame 4. Wave A and C are of equal length 5. Divergence in RSI and %R.
NSE:HINDUNILVR
by OK_Rane
BNB-USDT(Symmetrical Triangle Breakout)Binance being the world’s largest crypto exchange with a total of 15 mn users and a daily average trading volume of around $12 Bn has also developed its smart contract infrastructure “Binance Smart Chain” to solve the major bottleneck of Ethereum that is its insane gas fees. BNB after hitting its all-time high of ~$348 has been consolidating to date. On 4 Hr Time Frame, BNB is giving a decent breakout from the Symmetrical Triangle formation and seems elated to continue its journey to new highs. The support is present at $274 while BNB seems well-positioned to continue its rally to $360.
Long
by TradeDog-Research
MANA-USDT(Symmetrical Triangle Breakout)Decentraland is a virtual reality platform built on top of the Ethereum blockchain allowing users to create, experience, and monetize content and applications. MANA is an ERC-20 token that fuels all the transactions of the game. On 2 Hr Time Frame, MANA has been trading in a Symmetrical Triangle and is currently positioned near the upper trendline. Key Levels to watch out for:- MANA if manages to give a close above $1 is likely to move to new highs. Thus, it can fetch the targets of $1.15 and $1.3 respectively. The support to the lower side is present at $0.9 .
Long
by TradeDog-Research
BANKNIFTY Symmetrical TriangleA symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trend line indicates the start of a new bullish trend. Buy above upper trend line and sell below lower trend line...! Pls. wait for a candle to close above or below. Always understand the risk before investing into the underlying security. Hit like if you really liked it....! Regards
NSE:BANKNIFTY
by imkhushal
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