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.
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Trade fermée: cible de profit atteinte
EDUCATIONAL TARGET CLOSED!
Hardeep S. Sethi
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Hardeep S. Sethi
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.