there is a pattern forming as w can see, important thing is as price reaches next touch in pattern (bottom line), it is also 50% of fib level...and from here price shoots... very important confluence
There are generally three groups of patterns: continuation, reversal, and bilateral. Some traders classify ascending, descending, and symmetrical triangles in a separate group called bilateral patterns, and some only include symmetrical triangles in the bilateral group.
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangle is formed.
wedge pattern is forming in adani enterprises, A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics.
thee is a triangle breakout , instead the entire market is falling... this stock has given 10% move in morning one hour...to most important thing is triangle pattern works
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk. Throughout this article, we'll walk you through the anatomy of this trade and offer a few ideas to...
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
is consolidating in a triangle pattern .Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
ccl is near breakout area...Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
forming channel pattern..and given a breakdown Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
price is forming triangle pattern...and it is near bottom line...risk to reward is 1:2
PRICE HAS made a sharp move from 670 to 1303 following a green trendline...now it has reached to level of upper trendline...from where it is supposed to book profit....this will turn to sell trade...when it will cross green line
latent view has just broken falling wedge pattern rr ratio is good entry : 398 stop loss: 357 target : 667