TITAN: BOX FORMATION

TITAN

Pattern: Rectangle, BOX.

# point A.- this is a zone where selling pressure is more than demand because traders will think it's at the top of the trading range and starts to book profits on longs and initiate new short positions.
# point B.- this is a zone where buying pressure is more than supply because traders will think it's the bottom of the trading range and starts to cover short position and initiate new long positions.

# During the fight between point A. and point B. when either one of the points loses its strength to hold the level then prices will move out of the rectangle (the trading range) as a breakout.
# Breakout: can be in any direction as a rectangle pattern can be a continuation pattern or a reversal pattern.

# Entry: when the breakout is done or go long at point - B or go short at point - A.

as you can see After a bull trend TITAN has been consolidating in a box at its all-time high.


Not a trade recommendation
Do your own analysis

تعليق:

BREAKOUT

تم فتح الصفقة:

ZOOM UP

تم فتح الصفقة:

2700 from 1630 moved swiftly and again forming a heavy consolidation range that might be a reversal so keep trailing and ride the move.