IDBI : [Intraday] Wedge within [Positional] Wedge : Breakout ?
IDBI on hourly timeframe has wedge pattern and price is near the lower trendline of wedge pattern and if you notice there is another wedge formation in 15mins. Initially I thought of posting this 60min wedge as positional trade and later converted it to intraday post bcos of Inner wedge. So Intraday traders can trade the inner wedge's direction of breakout and if intraday wedge breakouts outer wedge can trade it as positional also for much better targets . Two Birds one Stone !
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.