- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.
Target for downside = Height of Head
-LINK/USDT is forming Bull Flag/Channel.
- Volume is following the Bull Flag/Channel decreasing volume with Price which indicates Moderately Bullish & weakening downtrend.
- Sell Pressure is good bulls waiting for bears to exhaust.
- RSI is giving early sign of breakout but for confirmation we need candle close.
- If this pattern plays out and it break out,...
- Theta/USDT is forming IH&S Pattern on 2-4 HR Timeframe.
- Break of neck line will confirm the pattern.
- Expecting a run of 10-13% after breaking neckline of IH&S Pattern.
- RSI also forming the same pattern.
- BHARTI AIRTEL is forming BULL FLAG on daily chart.
- This BULL FLAG could be ABCDE correction and than move up for final rally towards 2.618 FIB Level.
- Patters are easy to play out all you need is invalidation point for your patterns.
- CHEMFAB is forming Ascending triangle pattern on daily charts.
- Triangle base line is holding pretty well.
- On breakout above the resistance zone, will look to get in for target 220.
Good R:R Here.
- SBI is forming I&HS pattern, which is a reversal pattern.
- This kind of patterns form at the bottom after market fall down.
- 198 is the key point which will decide the next move.
- Once 4 HR Candle Close above 197-198 Zone, I will look to get into Swing Long Trade.
- Targets are based on Pattern Target which is Target = Height of Head, EW Waves & FIBS.
- Wait for a candle close above the 327.40 for confirmation of breakout.
- Targeting next Daily S/R Major level.
- Stop Loss is mentioned on charts.
This is triangle but remember one thing " Every triangle in not an triangle"
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- Reliance is making IH&S Pattern on Daily & Weekly Chart.
- Breaking above 1650 will indicate that the resistance has been broken and going for a new rally.
- The beauty of this patter is it's wide targets which is = the size of Head.
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- Currently, BajajFinance is trending between Weekly Resistance & Weekly Support.
- Waiting for it to break the daily resistance and candle close above to take a long position for target Weekly Resistance Level.
- Candle close above weekly resistance, can lead this rally towards 0.5-0.618 FIB level.
- NSE:AXISBANK is currently forming triangle pattern which is continuation pattern.
- Not taking any positions for now, just waiting for the triangle to breakout or breakdown.
- Keep an eye over this triangle.
Love the patterns <3
- Bharti Airtel did nice run up in last few weeks.
- Formed an uptrend Channel & Currently forming H&S Pattern in uptrend Channel.
- Breakdown from the uptrend channel & neckline of H&S pattern will lead it to dump towards 400-430 range.
- IH&S pattern not yet formed completely, I am waiting for it to form right shoulder completely and bounce from 0.618 FIB Level.
- Will Build small position from 0.5-0.618 FIB Level with Stop Loss below the Head.
- On breakout from the neckline of IH&S will add more to my position for target 30-40% move.