hrithick19

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Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges. Technical analysts and traders regard consolidation periods as indecisive and cautious.

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If prices break above the upper trendline, it could signal a bullish move. Conversely, a break below the lower trendline might indicate a bearish trend. Volume Matters: Pay attention to trading volume. A breakout with high volume often confirms the validity of the pattern.

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Inverted Descending Triangle Inside a Widening Wedge. A descending triangle is an inverted version of the ascending triangle and is considered a breakdown pattern. The lower trendline should be horizontal, connecting near identical lows.

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Symmetrical triangles occur when a security's price consolidates, generating two converging trend lines with opposite slopes. A symmetrical triangle's breakout or breakdown targets are equal to the distance between the initial high and low applied to the breakout or breakdown point.

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broadening wedge pattern forming in GAIL. Strong resistance tested @ 200.85

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ETHUSDT In Head and shoulder pattern, forming bearish

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Tested 38k support expecting a short reversal, after which we can expect a bearish side towards 30k

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btc forming triangle pattern as in graph looking for short in shorter time frame. may get rejected heavily