This topic contains 3 replies, has 3 voices, and was last updated by  EQSIS 6 years, 4 months ago.

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  • #21682
     Thiyagu 
    Participant
    Rank: Level 5

    SYMBOL : BPCL

    Direction : SHORT

    Target : 740

    Stop Loss : 940

    Entry : 850

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    #21684
     EQSIS 
    Keymaster

    Interesting observation… Kindly give more weighs to volume for triangle pattern… Otherwise it’s fine…

    #22085
     Fathima Shafi 
    Participant
    Rank: Level 5

    @eqsis, Isn’t triangle a continuation pattern?  In symmetrical triangle ,isn’t the breakout in the direction of the trend?

    #22090
     EQSIS 
    Keymaster

    Triangle indicates the strength/aggression of both the parties (Buyers and Sellers), so the breakout may take place in any of the direction. But the volume is Key, here it is missing..

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