Security is making Higher lows and Lower Highs forming a symmetric triangle, A symmetric triangle breakout at the lower level has been more favorable than the upside.

Currently, the Security is trading near Fast and Slow EMA. For a breakout, the security has to close above/below the falling/rising trendline. After the breakout, a position can be entered in the security in the upside/downside direction. To confirm the move, the pair must trade above Fast /Slow EMA.

Symmetric Triangle

Security has formed a proper rising wedge pattern.

A rising Wedge breakout on the downside has a higher probability of winning the trade.

Currently, the security is trading near the EMA.

ADX is showing strength in the formation. A breakout on either side with ADX trading above 20 will be an excellent confirmation to enter.

A breakout on the upside/downside will be an opportunity to enter long/short security.

Rising Wedge

The pair is trading near the supply zone. Price closing above the supply zone would lead to breakout and demand will increase which will lead to an upward movement in the pair. The price is trading above the Fast and Slow EMA which indicates an uptrend whereas the Fast EMA trending upward also indicates a trend. Rsi is trading at an overbought zone a throwback can open an entry.

The Di+ is trading above Di- which indicates an uptrend and ADx trading above Di- is indicating strength in the move.

Advice: Trade if the price closes above the Supply zone

Trade if the price closes above the Supply zone

The security has formed a Descending triangle. Descending Breakout on the upside has a higher success ratio compared to the downside.

The price is trading near the Fast and Slow EMA . Price breakout on the upside with a Fast and Slow EMA trading upside will be a strong confirmation to enter long and vice-versa for short.

RSI is following the price, an upside breakout followed by RSI would be a confirmation to go long, and vice versa for short.

On an upside breakout DI+ trading above DI- with ADX trading above DI- would be a strong confirmation to enter long and vice versa for short.

Descending Triangle

Apple is making Higher Lows and Lower lows, forming a Falling Wedge, A Falling wedge breakout at a higher level has been more favorable on the downside.

Currently, the Price is trading near Fast and Slow EMA. For a breakout, the security has to close

above/below the falling/rising trendline. After a breakout, a position can be entered in the security in the upside/downside direction. For confirmation of the move price need to trade above/below the EMA

Falling Wedge

The Security has formed an Ascending Triangle pattern in a 1hour time frame. The Security has to close above the resistance line for a proper breakout.

Security closing above the resistance line would indicate a breakout Upside.

The prices are trading near the EMA, for the breakout the security has to close above the resistance and the EMA, and vice versa for the downside.

Ascending Triangle

Symmetric Pattern

On an Hourly time frame, Charter Hall has formed a Flag and Pole pattern, usually a Flag and Pole is a continuation pattern, which means it will resume the previous trend. The trend in Charter Hall is bullish a small retracement has been witnessed forming the pattern. A breakout on the Upside will resume the uptrend which will follow a good down run making a new high- whereas a breakout on the downside would be a change in trend.

Currently, the price is trading above the Fast and Slow EMA, at the breakout the price should trade above/below both the EMA.

Currently, the momentum indicator RSI is trading near 58.67 marks, at breakout the RSI should not be greater than 80, if the RSI is 80 wait for the throwback and enter after the throwback.

Advice: Go Long if the above conditions are fulfilled

Flag and Pole

Security is trading in a range. Security is consolidating between 95 - 69 we need to wait for the Pair to break beyond this level, if the security can break on either side, the following are the conditions that need to be followed.

If the breakout is on the upside the Security has to close above 95 levels, wait for one candle to close above this level, and if it can close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Security has to close below 69 levels, wait for one candle to close below the level, and if it can close below the mentioned level start selling.

Rectangle Pattern

The Security has formed an Ascending Triangle pattern in a Daily time frame. The Security has to close above the resistance line for a proper breakout.

KUNAL KAMBLE

KUNAL KAMBLE

Mar 06 2024

Symmetric Triangle

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Mar 06 2024

Rising Wedge

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Mar 06 2024

Trade if the price closes above the Supply zone

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Mar 05 2024

Descending Triangle

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Mar 05 2024

Falling Wedge

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Mar 05 2024

Ascending Triangle

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Mar 05 2024

Rising Wedge

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Mar 03 2024

Symmetric Pattern

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Mar 03 2024

Descending Triangle

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Mar 03 2024

Flag and Pole

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Feb 29 2024

Rectangle Pattern

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Feb 29 2024

Ascending Triangle