FinancialCord

FinancialCord

ANALYSIS FOR 01 MARCH 2023. Market is at at important level where it can move upwards or downwards with equal opportunity.

FinancialCord Updated 

Triangle is a continuation pattern hence the price might move further downwards after it breaks from triangle.

FinancialCord

If the market beaks the flag pattern we can see a bullish trade. It has to take support of the previous resistance.

FinancialCord

If market cross/ closes (for swing/positional trade] above 41840 and makes a price action we can initiate a bullish trade OR else if it couldn't cross this level and makes a bearish price action/candle stick we can initiate a bearish trade

FinancialCord

Waited for the symmetrical triangle to break in the previous post. But it didn't break but instead formed a right angle triangle. Should have taken a trade at the close of the candle above the triangle's hypotenuse or in this case high of the inside candle.

FinancialCord

As discussed earlier if the price breaks the triangle upside we can observe a bullish trade. Now is wait and watch situation.

FinancialCord

A good move is expected after the break of triangle probably on the upside. Around 1200 pts. A triangle is continuation pattern hence an upside move is more probable than downside. If triangle breaks on the downside than a downside move can be expected.