Potential Consolidation Breakout

5 Ara 2017

Unitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case.

Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below.

We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be.

Do tell me what you think.

Sincerely,
Dpk.Htkr

8 Ara 2017

İşlem aktif

Unitech Ltd. skyrocketed! Waiting for a retracement.

13 Ara 2017

İşlem aktif

Go long in Unitech Ltd.