Waiting fr the breakout..cud be upward or downward break....numerous rejection at 54....patter is an ascending pattern....my bets r on the upside break..
Comments
akhil1206
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endless wait....
akhil1206
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closing this week above 54$ and we have to look back at june 2105 the last time it happend...hope it hold on to 54 till friday eod
akhil1206
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Finally the breakout on the upside....have to hold this week though ..cud retest it again ...
akhil1206
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and the wait continues....
akhil1206
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Seems it was a false breakout.....but still waiting for a close above 54$...
akhil1206
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Finding for answers/////
we did breach the upward trendline made a low of 51.20 and now we r back in the ascending triangle...normally thr is a success ratio of 60% upward breakout of this pattern and 40% breakout on the down side ...the big question was it a false breakout...