As you can see there is a simple TRIANGLE pattern formed in the day time frame.
>It took support at the 3(*) critical levels
1.At 493- there we can see a good standard 'V' candle.*
2.At 544.6- slight consolidation.
3.At 551- a good bull candle.
4.At 562- also a stand 'V' again.
5.At 569- bull run.*
6.At 628- it took retrace.
7.Now at 649- it is forming a good 'V' again.*
>It faced the resistance accordingly at the top at 2 major levels resulting in a good triangle pattern.
*Note: Take the action after the breakout (above the resistance at 716/below the support at 638) with the strict STOP LOSS according to your risk taking ability.
>It took support at the 3(*) critical levels
1.At 493- there we can see a good standard 'V' candle.*
2.At 544.6- slight consolidation.
3.At 551- a good bull candle.
4.At 562- also a stand 'V' again.
5.At 569- bull run.*
6.At 628- it took retrace.
7.Now at 649- it is forming a good 'V' again.*
>It faced the resistance accordingly at the top at 2 major levels resulting in a good triangle pattern.
*Note: Take the action after the breakout (above the resistance at 716/below the support at 638) with the strict STOP LOSS according to your risk taking ability.
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