Was a perfect falling wedge pattern and the pattern itself is the sign of the price going up. It was done in a style last trading day, but every time one cannot expect this kind of super moves. Enjoy the profits when things fall in you way. Happy trading
Price formed head and shoulder and breaks the trend line, if conservative wait for the retest and enter long. Aggressive traders would have went long well before.
Price forming falling wedge pattern at the resistance and much needed pressure was already in, a spark of buying pressure will make the price to fly high to reach 8500 this time.
Price forming head and shoulder pattern and it is at the edge of breaking the trend line. Today's strong up movement indicates one more 15500 before fall !!!
Price formed a triangle pattern and it should reach the target in the coming days.
Price breaks the triangle pattern and moving up for the day. One can easily understand from the above analysis that the price is trading inside a channel pattern and the price is currently at the channel support, in this case the target would be top of the channel if this momentum continues. There may be a possibility of retesting the triangle breakout level but...
After a big fall price is trading in a range for the last 7 + days and its time to break the resistance and move up.
Perfect example for fibonacci ratio. Just loving it
Price formed Head and Shoulder pattern and its time to break the trend line to reach the target. One can wait for the price to close above the resistance before going long.
Triangle pattern formed after the 4 years break. Wait for the break and enter the trade.
Price giving good signal for buy and I wonder how missed this beautiful chart. Triangle breakout also done 70% so it is not the perfect time to enter. Posted for better understanding of technical analysis.
Price moving in parallel inside a range for a long time. Just before the Pandemic it breaks the range trapped all the long positions and fell badly and took the same support. One can clearly identify the raising wedge pattern in the above analysis. This pattern exactly ends at the resistance levels !!!
Price after the wedge breakout went up strongly and exactly struggling to break the previous resistance. One can expect the price to resist and fall from this level considerably. If you are planning for long then wait for the price to break the immediate previous high.
One can easily observe that the price resisted at the same place from 2017 and it cannot break the resistance expect one failure attempt. One can expect the price to take support from the trend line and break the resistance in the middle 2021.
Explained the previous patterns and breakouts with arrow marks. One can expect a break from the downtrend and move up from this point. Resistance marked !!
Price formed double bottom and moving up strong. Equally sliver also making falling wedge which should break and move up. Both the patterns are at the edge of breakout, Corona second wave is in full swing !!!
Price formed a pattern and it is going to break in tomorrow's trading session.