Deepak Nitrite Descending Triangle Breakout
DEEPAKNTR has formed a descending triangle channel in 1 hour time frame over the last few days.
Theoretically a descending triangle breaks out downwards.
The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.
Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.
TARGET is suggested @ 461
NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.
Theoretically a descending triangle breaks out downwards.
The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.
Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.
TARGET is suggested @ 461
NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.
ملاحظة
Day's low @480.80تم حذف الأمر
480 levels not breached. No shorting opportunities.تم فتح الصفقة
Watch for breakout.تم إغلاق الصفقة يدويًا
Although price reached target levels after 480 level was broken, it wasn't achieved intraday as planned.
إخلاء المسؤولية
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