No view is being expressed on future direction. This is a structural observation based on historical price action only.
A descending triangle pattern has been visible on the daily chart, marked by a series of lower highs forming a declining trendline and a relatively flat base acting as horizontal support.
The upper grey zone — this area previously acted as supply, where price faced repeated selling pressure across multiple touches. Price has since reclaimed this zone from below.
The lower grey zone — a deeper demand cluster that absorbed selling pressure.
The blue moving average provided dynamic context throughout the base formation phase, with price compressing against it before the eventual move.
Charts Price action used are older than 3 months older only .
A descending triangle pattern has been visible on the daily chart, marked by a series of lower highs forming a declining trendline and a relatively flat base acting as horizontal support.
The upper grey zone — this area previously acted as supply, where price faced repeated selling pressure across multiple touches. Price has since reclaimed this zone from below.
The lower grey zone — a deeper demand cluster that absorbed selling pressure.
The blue moving average provided dynamic context throughout the base formation phase, with price compressing against it before the eventual move.
Charts Price action used are older than 3 months older only .
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Apoorv Dubey|SEBI RA INH000030287
Contact for NOVEMBER SLOTS
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Apoorv Dubey|SEBI RA INH000030287
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊Swing & positional research with Buy, Sell & Hold recommendations
Contact for NOVEMBER SLOTS
📞WhatsApp ( Pro ): wa.me/919455664601
📢Free Picks on Telegram ( Join ) : t.me/hashtaghammer
Apoorv Dubey|SEBI RA INH000030287
Contact for NOVEMBER SLOTS
📞WhatsApp ( Pro ): wa.me/919455664601
📢Free Picks on Telegram ( Join ) : t.me/hashtaghammer
Apoorv Dubey|SEBI RA INH000030287
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.