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capsule91
Aug 15, 2018 5:52 PM

dissecting the ascending triangle in persistent tech Long

PERSISTENT SYSTEMSNSE

Description

essentially this is an anatomy of a consolidation...
notable is the movement of price action above the resistance after the vertical line demacation
and high volume swing retest and then further narrowing of downswing range on good volume

breakout of 868 and close will be the key for beginning of the markup

more details..
forum.valuepickr.com/t/bull-therapy-101-thread-for-technical-analysis-with-the-fundamentals/16338/505?u=capsule91
disclaimer... not an investing/trading recommendation

Comment

schrts.co/5Ads3X

markup target from point and figure chart
1470-1590

30box width 3 reversal 10boxes from the last point of support

horizontal formations at base of 570 to lps at 690 taken
for calcualtion

Comment

Comment

for conservative target

taking partial count..

stockcharts.com/freecharts/pnf.php?c=PERSISTENT.IN,PGUADANRRO[P][D][F1!3!18!!2!20]

13 boxes 18box width 3 reversal

horizontal formations at lps-666 and base of 558

targets lie within the range of 1260-1368

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