Bottom Triangle - Bottom Wedge
Cập nhật
Shemaroo
The price has reached a point where it appears to have hit a bottom and is now showing signs of a potential reversal. This is indicated by a pattern known as a Bottom Triangle, which involves two trendlines converging as prices form lower highs and higher lows. During this phase, the trading volume tends to decrease as the price fluctuates within a narrower range, reflecting market uncertainty.
However, before the triangle pattern reaches its apex, there is a significant breakthrough above the upper trendline accompanied by a noticeable increase in trading volume. This breakout and surge in volume confirm the bullish nature of this pattern, indicating a reversal of the previous downtrend.
Note for everyone who came across this reference:
The price has reached a point where it appears to have hit a bottom and is now showing signs of a potential reversal. This is indicated by a pattern known as a Bottom Triangle, which involves two trendlines converging as prices form lower highs and higher lows. During this phase, the trading volume tends to decrease as the price fluctuates within a narrower range, reflecting market uncertainty.
However, before the triangle pattern reaches its apex, there is a significant breakthrough above the upper trendline accompanied by a noticeable increase in trading volume. This breakout and surge in volume confirm the bullish nature of this pattern, indicating a reversal of the previous downtrend.
Note for everyone who came across this reference:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade.
Đóng lệnh: đạt mục tiêu
Target Achieved!!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.