Beautiful triangle pattern formed on Avantifeed on weekly timeframe with multiple support and resistance tested. On the weekly breakout candle there were some selling during end of the week so signifies some profit booking and sell pressure. However for the last two months it has been consolidating forming a Flag pattern on daily chart. Price is currently trading near long-term support. Could be ultra low risk entry given the long term reward.
Look at the daily chart
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before trading in any of financial instrument. Above information is just my view and is meant for educational purpose only.
Look at the daily chart
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before trading in any of financial instrument. Above information is just my view and is meant for educational purpose only.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.