Here the price converges to a point from 1165 and 1270.6. If the price breaks 1270.6, we can assume an upward trend. So the entry point is 1270.6, stop loss is 1165 and target is 1270.6 + (1270.6 – 1165) = 1376.2.
Triangle Pattern-Bullish-ABB
Here the price converges to a point from 1165 and 1270.6. If the price breaks 1270.6, we can assume an upward trend. So the entry point is 1270.6, stop loss is 1165 and target is 1270.6 + (1270.6 – 1165) = 1376.2.