SUNDARMFIN has broken out of the falling wedge and is retesting the breakout zone successfully.
The structure drawn shows a bullish continuation setup:
Falling wedge breakout ✔️
Price holding above the retest zone ✔️
Momentum shifting higher ✔️
The upside projection points toward the major resistance trendline, with a measured target of ~6.5% from the breakout point.
Your drawing also highlights a profit-taking zone once price reaches the trendline resistance.
Trade Logic from the drawing:
Breakout → Retest → Continuation toward higher resistance
Possible reaction down after reaching the target line.
My Key View:
As long as price stays above the retest level,
bulls are in control toward the upper trendline.
The structure drawn shows a bullish continuation setup:
Falling wedge breakout ✔️
Price holding above the retest zone ✔️
Momentum shifting higher ✔️
The upside projection points toward the major resistance trendline, with a measured target of ~6.5% from the breakout point.
Your drawing also highlights a profit-taking zone once price reaches the trendline resistance.
Trade Logic from the drawing:
Breakout → Retest → Continuation toward higher resistance
Possible reaction down after reaching the target line.
My Key View:
As long as price stays above the retest level,
bulls are in control toward the upper trendline.
SiripiVenu
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.
SiripiVenu
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.
