Towards the vertex of an isosceles triangle... Maybe Seller, Maybe Buyer... Buyer if we cross 4007 yen. Seller if we cross the 2680 yen.
Here I have a doubt, two possibilities: 1/ a rise after the breakout of the trendline and a pull back. The RSI is above 50. 2/ a drop after the retest of the trendline and the 50 moving average.
We have broken the trendline with a big red candle and a pull back. I think the RSI is set to bearish so I'm going for a long term sell.
We have a long RSI, a 50 moving average that supports the price; a break in the trendline and a pull-back and we can definitely buy.
Breakout of the blue trendline on January 19, after that we have several retests of the green trendlines. If we retest the oblique green trendline and cross 10970 yen, we go sell.
Breakout of the trendline, and formation of a triangle. If we cross the triangle from below, we can wait for a first take profit on the horizons of 1800 yen and see if the decline continues.
Four rejection of the trendline, a beginning of an uptrend; if the price crosses the line and eventually pulls back, we will make a purchase.
A new trend has already started and we are buying on the RSI (above the 50 zone). Here we really have a high probability of winning.
The 20 moving average is supporting us and we are in an uptrend, so I'm going for a buy.
Head and shoulders + RSI decreasing, wait for neck line breakout.
Everything is in favor of a decent, we are waiting for the rejection of the 20 moving average before positioning ourselves short.
A figure whose name I forgot but which could bring down the price if one crosses the neck line. It is not excluded that it passes above the triangle but even after that, one could attend a small stagnation before going down again.
A decadent RSI from August 2017 until today, a breakout in November 2021, we are waiting for a retest of the trendline or the breakout of a future stagnation figure (which is unlikely) before positioning ourselves as seller.
Breakout of the trendline and the support line or neck line and we have the pull-back who is already done. In addition, the RSI indicator is losing force and is below the 50 zone.
Same music again... Triple top (or semblance of a head and shoulders shoulder) + breakout + RSI divergence, etc...
After many bounces and a big depression on the trendline in 3 years, a slowing RSI could cause us to break this trendline and bring us into a bear market for several weeks.
Renewed activity of this action with a big green candle, the RSI and the trendline will support us in the long term.
Great long-term opportunity on Axis Bank. All the explanation on the graph.