Ascending Triangle Confirmation:
- There are 2 swing highs touching the horizontal line
- There are 2 swing lows touching the other triangle line
- Before the triangle, the stock was trending with strong volumes
- In the triangle, the stock is getting consolidated with contracted volumes
Interpretation:
- Ascending Triangle is a continuation pattern
- Here it is getting created after an uptrend
- If it breaks out from the triangle with high volume, it can continue the uptrend with target price equal to horizontal line + the base of the triangle
- If a false breakout occurs, with low volume, it can breakdown and downside can be of similar magnitude
Conclusion:
Wait for the stock to move out of Triangle to see which breakout occurs. (positive/false)
As it is a trend continuation pattern, It should be positive breakout ideally as per the chart.
- There are 2 swing highs touching the horizontal line
- There are 2 swing lows touching the other triangle line
- Before the triangle, the stock was trending with strong volumes
- In the triangle, the stock is getting consolidated with contracted volumes
Interpretation:
- Ascending Triangle is a continuation pattern
- Here it is getting created after an uptrend
- If it breaks out from the triangle with high volume, it can continue the uptrend with target price equal to horizontal line + the base of the triangle
- If a false breakout occurs, with low volume, it can breakdown and downside can be of similar magnitude
Conclusion:
Wait for the stock to move out of Triangle to see which breakout occurs. (positive/false)
As it is a trend continuation pattern, It should be positive breakout ideally as per the chart.
עסקה סגורה: היעד הושג
Target achieved as predicted. :)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.