Bullish Continuation Diamond Pattern

20 feb

CGPOWER - Continuation Diamond Pattern (Bullish)

Following a period of consolidation, the price has surged upwards, indicating a potential continuation of the previous upward trend.

The sequence typically initiates within a downtrend, where prices form higher highs and lower lows in a broadening pattern.
Subsequently, as highs reach their peak and lows begin to ascend, the trading range gradually contracts.
Upon the breakout beyond the boundary lines of this diamond-shaped pattern, it signals the revival of the prior uptrend.

PLEASE NOTE THAT:

• This chart analysis is only for reference purpose.
  
• This is not buying or selling recommendations.
  
• I am not SEBI registered.
  
• Please consult your financial advisor before taking any trade
  

1 mar

Trade chiuso: obiettivo raggiunto

EDUCATIONAL TARGET CLOSED!