Double Bottom + Falling Wedge = Breakout Loading on IPCALAB
Chart Overview
Pattern: Falling Wedge inside a confirmed bullish structure
Structure Break: BOS (Break of Structure) already confirmed
Key Levels:
Order Block Zone: Around ₹1300–₹1310
Current Price: ₹1325
Target Zone: ₹1430
Stop-Loss: Below ₹1300
Technical Breakdown
1. Double Bottom
The formation of Bottom1 and Bottom2 shows a strong demand base.
The BOS (Break of Structure) after Bottom2 confirms that buyers took control.
2. Falling Wedge Pattern
After the BOS, the price is consolidating in a Falling Wedge, which is typically a bullish continuation pattern.
Price respecting the wedge boundaries suggests compression — a breakout to the upside can trigger momentum.
3. Order Block Zone
The blue rectangular area marks a bullish order block from the last strong bullish rally.
Price has retraced back into this OB, creating an ideal entry point if bullish rejection appears.
4. Trade Setup
Entry: Near ₹1320–₹1325
Stop-Loss: Below ₹1300 (OB invalidation)
Target: ₹1430
RR Ratio: ≈ 1:4
Pattern: Falling Wedge inside a confirmed bullish structure
Structure Break: BOS (Break of Structure) already confirmed
Key Levels:
Order Block Zone: Around ₹1300–₹1310
Current Price: ₹1325
Target Zone: ₹1430
Stop-Loss: Below ₹1300
Technical Breakdown
1. Double Bottom
The formation of Bottom1 and Bottom2 shows a strong demand base.
The BOS (Break of Structure) after Bottom2 confirms that buyers took control.
2. Falling Wedge Pattern
After the BOS, the price is consolidating in a Falling Wedge, which is typically a bullish continuation pattern.
Price respecting the wedge boundaries suggests compression — a breakout to the upside can trigger momentum.
3. Order Block Zone
The blue rectangular area marks a bullish order block from the last strong bullish rally.
Price has retraced back into this OB, creating an ideal entry point if bullish rejection appears.
4. Trade Setup
Entry: Near ₹1320–₹1325
Stop-Loss: Below ₹1300 (OB invalidation)
Target: ₹1430
RR Ratio: ≈ 1:4
Operación cerrada: precio stop alcanzado
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.