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Trianglepattren

price action patterns you need to know ( part 1 ) Hi friends i'll share with you some price action patterns you should know . I don't like posting a picture with 100 patterns . I would like to post this in steps so that you can understand more and make things clear . 1- ascending triangle generally happens in an uptrend and is a bullish pattern , you can set your order after the breakout of the horizontal line with a good volume candle . - descending Triangle Pattern is the exact opposite of the ascending triangle pattern. It is a bearish continuation pattern indicating that the prior downtrend will continue and you set your order after the brakout of horizontal line with a good volume candle . please support me with like and follow me for more ideas and tell me what do you think about that
Education
by Diamond_Chart
VOLTAS - ALL TIME HIGH LEVEL - Investment/Trade opportunityThe stock price is trying to come out of a 7 months consolidation period. It appears to be ready for next leg of rally. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Another way to analyze such formation is shown in the below image - do check it out as well. VOLTAS can be a good bet for medium to long term investment as well. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.
NSE:VOLTASLong
by AdityaKarn90
1
Long FBEntry price: 369-375$ Target price: 408$ Stop loss: 365-369$ Keltner Channel: the price is inside of the channel, approaching the upper boundary. Chart pattern: symmetrical triangle DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price. Conclusions: The price broke the upper boundary of the triangle pattern, however there is no volume increase at the moment. Thus, long position is recommended after the price correction above the pattern with the entry price on the new support level.
NASDAQ:METALong
by vf_investment