2nd September 2021 – Down Trendline – MARICO
Pattern Arrival Date: 2021-09-02 Symbol Name: MARICO Pattern and Direction: Down Trendline Break Pattern Ideal Completion Price: 538.40
Trendline Patterns
16th July 2021 – Up Trendline – BANKNIFTY Futures
Pattern Arrival Date: 2021-07-16 Symbol Name: BANKNIFTY Futures Pattern and Direction: Up Trendline Break Pattern Ideal Completion Price: 15968
Range
Ranges are defined when price movement is contained between two horizontal lines, a parallel support and resistance. Range breakouts can be interpreted in many ways by traders. A range breakout from the lower support line of the structure could show a downtrend momentum, while a breakout from the upper line could indicate the price moving …
Symmetrical / Broadening Triangle
Symmetrical and Broadening Triangles are created by the convergence or divergence of two inclined trendlines, and the movement of price between the trendlines. Symmetrical Triangle The convergence of an upwards trendline and a downwards trendline towards each other creates a Symmetrical Triangle. The upwards trendline forms a support and the downwards trendline is a resistance …
Ascending / Descending Triangle
There are many formations of Triangles in the Geometric pattern family; Ascending, Descending, Broadening, Symmetrical. The definition of an Ascending or Descending trendline comes from the structure having one horizontal trendline and one inclined trendline on an uptrend or downtrend. Ascending Triangle In an Ascending Triangle, the peaks of swings in price movement can be …
Channel
The Geometric Pattern family contains patterns formed by combinations of price action movement in relation to one or more trendlines. The Channel is a widely-used Geometric pattern. It is formed by two parallel trendlines where the price action is contained within the bounds of the two lines. Ascending Channel In an ascending Channel, the price …