Symmetrical triangle in Sona BLW
* Sona BLW precision is in downtrend and recently price reverse from important support level near 530 in late of June 2022.
* Symmetrical triangle is a neutral chart pattern but here price formed after a downtrend and price closes last day at the top of upper line, expected upside breakout.
* RSI is heading upside and above 50 is showing price strength
* ADX value which is currently 19.9 also show that price will gain momentum above 20 and strong move can be expected above 25 ADX.
* If price stay above 580 then we initiate a long position with strict stop loss below 550 and target would be 640.
Key levels
Buy above 580 on closing basis
Stop loss below 550
Target 640
Risk:Reward 1:2
* Symmetrical triangle is a neutral chart pattern but here price formed after a downtrend and price closes last day at the top of upper line, expected upside breakout.
* RSI is heading upside and above 50 is showing price strength
* ADX value which is currently 19.9 also show that price will gain momentum above 20 and strong move can be expected above 25 ADX.
* If price stay above 580 then we initiate a long position with strict stop loss below 550 and target would be 640.
Key levels
Buy above 580 on closing basis
Stop loss below 550
Target 640
Risk:Reward 1:2
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.