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an ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows.

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An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.

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The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at...

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Fibonacci retracement and extension Fibonacci retracement and extension is a technical analysis tool that uses horizontal lines to identify potential levels of support and resistance in an asset’s price movement. By plotting the price swings from high to low, traders can use the Fibonacci ratio of 23.6%, 38.2%, 50%, 61.8%, and 100% to forecast where the price may...

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A Description of the Inverse Head and Shoulders Chart Pattern This chart pattern formation is commonly used in technical analysis to predict the reversal of a downtrend. It is a bullish signal that is essentially the reverse of the regular head and shoulders chart pattern, which is a bearish indicator. The structure of the inverse head and shoulders chart pattern...

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“S/R” is a convenient, abbreviated term for “support/resistance”. Support/resistance may sound confusing but it is very simple. It is simply a term for a price level that is believed to be difficult for the price to pass through at a given time. For example, if the price is at 1.2990, and 1.3000 is referred to as resistance, this simply means that it is believed...

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The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at...

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The Golden Zone is a supply or demand zone that corresponds to the 61.8% and 50% Fibonacci retracement levels. These levels are important because they often mark zones where the price reacts, making it an essential area for traders to watch.

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A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.

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A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.

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I have did analysis as per fib on Weekly chart , VEDL now trading on Golden Zone , If breaks it down then we will long move downward, if gets revers by net week, We can see a bull up side

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Triangle patterns are aptly named because the upper and lower trendlines ultimately meet at the apex on the right side, forming a corner. These patterns are formed once the trading range of a stock or another security becomes narrow.

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I did analysis on Nifty 50 on 15 Min Time frame with Smart Money concept