GUJRAT GAS LTD | SWING TRADE | TRIANGLE PATTERN
Watch out this daily symmetrical triangle formed in #GUJGASLTD
Symmetrical triangles are usually neutral triangles.
The direction in which breakout happens gives the future direction for the instrument.
So if price breaks the upper line of triangle, we can look to buy/long.
If price breaks the lower line of triangle, we can look to short/exit any existing positions.
Symmetrical triangles are usually neutral triangles.
The direction in which breakout happens gives the future direction for the instrument.
So if price breaks the upper line of triangle, we can look to buy/long.
If price breaks the lower line of triangle, we can look to short/exit any existing positions.