$RIVN - Coiling TighterOver the past couple of days, $RIVN has started forming a symmetrical triangle on the 15 minute chart.
As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.
With the sharp selloff among growth stocks into value, it's likely that this name will break to the downside.
Trianglebreak
REDINGTON PRICE ACTION ANALYSIS 🎯30%+NSE:REDINGTON has a similar price action structure to BSE:RACLGEAR . Analysis done on chart showing that momentum may continue towards the upside.
Buy 30% of position now and enter rest after retrace.
Targets: 180/200/220
sl- below 136
Position size accordingly. HAPPY TRADING!
$SHIB GETTING TIGHTSHIBA getting ready for a move as it's really really tight in the descending triangle now. Critical breaking point .
Loves that .00003 line , was previous resistance before massive breakout, now has formed a double bottom (for now) which is bullish confluence. A break above the triangle I'd be starting to add long.
Break below invalidates idea.