TEXMACO RAIL & ENG. LTD.Diupdate Continuation Diamond (Bullish)
TEXRAIL
The price has recently experienced a breakout from a consolidation period, indicating a likelihood of the previous uptrend continuing. This breakout is associated with a pattern called a Broadening Formation, which typically occurs within a downtrend. In this pattern, prices form higher highs and lower lows, resulting in a widening pattern.
However, as the pattern progresses, the trading range gradually narrows as the highs reach a peak and the lows start to trend upward. The significant point to watch for is when the price breaks out above the boundary lines of the diamond shape formed by the pattern. This breakout signifies the resumption of the prior uptrend and suggests that the price is likely to continue its upward movement.
Note for everyone who came across this reference:
The price has recently experienced a breakout from a consolidation period, indicating a likelihood of the previous uptrend continuing. This breakout is associated with a pattern called a Broadening Formation, which typically occurs within a downtrend. In this pattern, prices form higher highs and lower lows, resulting in a widening pattern.
However, as the pattern progresses, the trading range gradually narrows as the highs reach a peak and the lows start to trend upward. The significant point to watch for is when the price breaks out above the boundary lines of the diamond shape formed by the pattern. This breakout signifies the resumption of the prior uptrend and suggests that the price is likely to continue its upward movement.
Note for everyone who came across this reference:
- 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.
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Target Reached!!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.