Don't mind the audio quality & the background noise I didn't plan this just decided to share. One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on...
A successful breakout today from Symmetrical triangle inching towards it's previous All Time High. The stock has a potential of going higher then its ATH . It took a support of the falling channel and the lower trendline(now for symmetrical triangle) One can wait for a retest to occur and buy around 670 levels for a short term trade. Well the Risk takers can buy...
Virgin Galactic has broken out of a very large symmetric triangle on the daily and back tested it, which I almost missed. Based on the measured move of the break out, we could expect it to reach the 88.6 retrace, but just in case, we'll have profit taking levels at other fib lines. This one could take a while to play out.
#LINKUSDT 1D - Chainlink - Symmetrical Triangle - Breakout 1. Make a entry Long at back test: 14.x$-15.x$ 2. Stop loss: 13.2$ 3. Take profit: 19.5$ 4. Risk Reward: 1:3 5. Reason: breakout symmetrical triangle and go up, so make a entry Long at back test.
NSE:RELIANCE is at a make or break level. It has respected the lower trendline since a long time, but it now faces strong resistance due to sentimental factors as well as rejection of 2200 psychological level. With the AGR dues hearing not being too favourable for Jio and the final verdict expected on August 17th, Monday's trading session should be quite crucial...
Symmetrical triangle Matic breakout
Cheers!
XLM needs to have one more bounce before breakout.