Chart patterns
- Thread starter vishalalluri
- Start date
Hello Vishal
Correct me whether i have interpreted correctly the chart on Sail
1) During the ascending triangle formation,the Volumes are low, as should be the case, and at the time of breakout their must be a surge in volumes.
2) If the breakout happens, the triangle depth of 185-140= 45, which means we can expect a target of 185+45 = 230 in short term
3) Also please tell me what other indicators other then GMMA and ADX will confirm the trend more correctly
Take care, and have a good time.
Saivenkat.
Correct me whether i have interpreted correctly the chart on Sail
1) During the ascending triangle formation,the Volumes are low, as should be the case, and at the time of breakout their must be a surge in volumes.
2) If the breakout happens, the triangle depth of 185-140= 45, which means we can expect a target of 185+45 = 230 in short term
3) Also please tell me what other indicators other then GMMA and ADX will confirm the trend more correctly
Take care, and have a good time.
Saivenkat.
Hello Vishal
Correct me whether i have interpreted correctly the chart on Sail
1) During the ascending triangle formation,the Volumes are low, as should be the case, and at the time of breakout their must be a surge in volumes.
2) If the breakout happens, the triangle depth of 185-140= 45, which means we can expect a target of 185+45 = 230 in short term
3) Also please tell me what other indicators other then GMMA and ADX will confirm the trend more correctly
Take care, and have a good time.
Saivenkat.
Correct me whether i have interpreted correctly the chart on Sail
1) During the ascending triangle formation,the Volumes are low, as should be the case, and at the time of breakout their must be a surge in volumes.
2) If the breakout happens, the triangle depth of 185-140= 45, which means we can expect a target of 185+45 = 230 in short term
3) Also please tell me what other indicators other then GMMA and ADX will confirm the trend more correctly
Take care, and have a good time.
Saivenkat.
the first and second point u mentioned are what we look for in formations my approach is also similar to what u have told
sail broke above 184 today
open at 189 cmp 193
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | interest in using metastock exploration for searching various patterns of charts | Introductions | 4 | |
| S | Charts Patterns and Intraday Trading | Technical Analysis | 5 | |
| S | Why Chart Patterns Occur | Technical Analysis | 9 | |
|
Chart Patterns | Technical Analysis | 18 | |
|
7 chart patterns for success | Technical Analysis | 0 |
Similar threads
-
interest in using metastock exploration for searching various patterns of charts
- Started by ambition
- Replies: 4
-
-
-
-