#JYOTHLAB symmetrical Triangle Upward Breakout
Symmetrical Triangle Upward Breakout
1. Formation duration is 3 months Approx
2. Volume is reducing
3. More price action near breakout area Point D
4. Will wait how is behave in area Point E with good volume
5. If its up and break the area point E then I will enter with stop loss 5 %.
6. By math predict target could be A-B+D So (143-197+154) = 100 (hypo target ) around 165(Entry Point + 100 predict target) = 265 means, in % like 60 % (not expecting).
7. So my target will be first resistance point X is 200 (21 %) and second is 220 Point Y (33 %).
1. Formation duration is 3 months Approx
2. Volume is reducing
3. More price action near breakout area Point D
4. Will wait how is behave in area Point E with good volume
5. If its up and break the area point E then I will enter with stop loss 5 %.
6. By math predict target could be A-B+D So (143-197+154) = 100 (hypo target ) around 165(Entry Point + 100 predict target) = 265 means, in % like 60 % (not expecting).
7. So my target will be first resistance point X is 200 (21 %) and second is 220 Point Y (33 %).
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