Broadening Descending Wedge Setup?
Notes:
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
The book came highly recommended by a community member. Its really interesting if you have an interest towards statistics.
- BankNifty seems to be forming a descending broadening pattern.
- Statistically (Taking Thomas N Bulkowskis book as a reference) an upper breakout is preceded by a partial decline (as in this case) around 87% of the time.
- Target in case of a breakout on the upper side would be the top of the pattern which is 35650.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
The book came highly recommended by a community member. Its really interesting if you have an interest towards statistics.
Operación activa:
Looking good so far. Hoping to hit the target by the next few sessions.
Operación cerrada manualmente:
Missed target by around 0.2%