Reason: 1. Price trading inside expanding triangle 2. 4H break of structure 3. Mitigated 4H OB 4. Price bounce off at TL support
Reason: 1. Mitigated 4H OB 2. 1H Break of Structure 3. Triangle pattern has been broken towards down side
The price is moving now into our direction, hoping for a deep continuation towards upside.. Bullish analysis still the same from our previous bias.. Previous analysis:
Manapurram Fianance look good for and upmove.
1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long...
Bearish Symmetrical Triangle - Following the bearish trend - Looking for a break out below support of the triangle and retest before entry - Bearish confluence among indicators