TEXRAILNote: This is for informational purposes only and not a recommendation to buy or sell.
Pattern: Triangle Pattern
Breakout Signal : Ready to breakout
Historical Data: 2015-2024 High breakout observed
Retest: Successfully completed, indicating potential strength
Point of Control (POC): Located at 178, a critical level
Trade Scenario:
Short-Term Target Range: 208 to 236
The chart displays a well-defined triangle pattern, signaling a potential breakout. Historical data from 2015 to 2024 indicates a significant breakout from previous highs. A successful retest has been completed, suggesting increased market confidence.
Hammer bullish : The hammer candlestick is a bullish trading pattern that suggests a stock has found its bottom and is poised for a trend reversal. It means that sellers entered the market and drove the price down but were eventually outnumbered by purchasers, who drove the asset price up.
Note: This analysis is for educational purposes only and does not constitute financial advice. Always do your research and consider your risk tolerance before making any investment decisions.
