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Trianglepattren

AMC's decreasing triangle - waiting for its breakoutAMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima. Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy. We'll keep track of this share price evolution
NYSE:AMC
by mar_lpz
DJI LONG Until January 2024? *TrickyTriangle Gannzilla 35741.16 Bermuda Bahama bears run from the drama! Bull Market has picked up more steam a bull breeding pen in Pamplona. Watch out brittle European Bear, the American Bull will not be sitting dinner. Combined with Gann technicals and weekly triangle pattern, the current, uptrend is on. Macro setup from higher lows on the monthly chart indicates promise for a MAJOR 3 year continuation of the current (11 year bull swing ) on Dow Jones Industrial Average $DJI WOW. Bull market in full swing 2021.
TVC:DJILong
by tazerfleece
1
BANKNIFTY - Triangle formationBanknifty has been trading sideways for the past 3 trading sessions. At higher levels, it is facing supply pressure and at lower levels, demand is coming in. Now for tomorrow It can move in any direction, and there is a possibility of a trending move tomorrow, hopefully. Support levels - 39428-39462 - opening and sustaining this level, might open a breakout probability from the triangle pattern. However, gap down opening below 39420 or break below this level, could also mean a selloff, which can extend up to 38630 levels.
NSE:BANKNIFTY
by manuagarwal21
1