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In technical analysis of financial markets, an "umbrella pattern" might not be a widely recognized term. However, patterns such as "umbrella lines" or "umbrella handles" could be understood in some trading communities. For example, "umbrella lines" might describe long lower shadows on candlestick charts, suggesting potential reversal patterns in...
NIFTY 50 forming Bearish Diamond Top Pattern which indicates bearish and also a volatile trend. In this pattern highs and lows showing some big volatile near term trend. In this ADX @ 15 indicates weaker uptrend. In a bearish trend RSI will not touch extreme overbought zone. At present DMA looking positive but may cross down. First downside target comes around...
