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    Ascending & Descending Broading

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    vvpvarun
    This document discusses technical analysis patterns for stock market trading. It describes ascending and descending broadening patterns that are continuation patterns that can be either bullish or bearish. It explains how to identify these patterns by looking for higher highs and higher lows or lower highs and higher lows with a broader range over time. It advises traders to buy at support points 4 and 6 and sell at resistance points 5 and 7 when candlestick patterns are confirmed, and that breakouts with high volume are more important signals than buy/sell points.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ascending & Descending Broading

    Uploaded by

    vvpvarun
    176 views9 pages
    This document discusses technical analysis patterns for stock market trading. It describes ascending and descending broadening patterns that are continuation patterns that can be either bullish or bearish. It explains how to identify these patterns by looking for higher highs and higher lows or lower highs and higher lows with a broader range over time. It advises traders to buy at support points 4 and 6 and sell at resistance points 5 and 7 when candlestick patterns are confirmed, and that breakouts with high volume are more important signals than buy/sell points.

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    stock market

    Original Title

    ASCENDING & DESCENDING BROADING

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    This document discusses technical analysis patterns for stock market trading. It describes ascending and descending broadening patterns that are continuation patterns that can be either bullish or bearish. It explains how to identify these patterns by looking for higher highs and higher lows or lower highs and higher lows with a broader range over time. It advises traders to buy at support points 4 and 6 and sell at resistance points 5 and 7 when candlestick patterns are confirmed, and that breakouts with high volume are more important signals than buy/sell points.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    176 views9 pages

    Ascending & Descending Broading

    Uploaded by

    vvpvarun
    This document discusses technical analysis patterns for stock market trading. It describes ascending and descending broadening patterns that are continuation patterns that can be either bullish or bearish. It explains how to identify these patterns by looking for higher highs and higher lows or lower highs and higher lows with a broader range over time. It advises traders to buy at support points 4 and 6 and sell at resistance points 5 and 7 when candlestick patterns are confirmed, and that breakouts with high volume are more important signals than buy/sell points.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 9

    AGRAWAL

    TECHNICAL
    ANALYSIS GURUKUL
    FIRST LEARN THAN EARN…..

    Visit: www.agrawalcorporate.com Call: +91-9708094321


    ASCENDING BROADENING BREAKOUT UPSIDE BREAK WITH HIGH
    RESISTANCE VOLUME
    SUPPORT
    5
    3
    1

    6
    4 BREAK WITH HIGH
    2 BREAKOUT DOWNSIDE VOLUME

    1.THIS IS CONTINUATION PATTERN MOSTLY BEARISH


    2.FEATURE HIGHER HIGH & HIGHER LOWS WITH BROADER RANGE.
    3.MARKET RISING UPSIDE SLOWLY BOTH CHANNEL GOING AWAY FROM
    EACH OTHER.
    4.FOR ANY PATTERN INDENTIFICATION 1,2,3,4 NO. CREATION MOST
    IMPORTANT.
    5.FROM 4TH & 6TH SUPORT POINT BUY & 5TH & 7TH RESISTANCE POINT
    SELL START WITH CANDLESTICK PATTERN CREATION.
    6.PATTERN FOUND ON DAY & HOURLY BOTH CHART.
    7.BREAKOUT WITH VOLUME VERY MUCH IMPORTANT THAN BUY/SELL
    .
    DESCENDING BROADENING
    RESISTANCE BREAKOUT UPSIDE BREAK WITH HIGH
    SUPPORT 1 3 VOLUME
    5

    2
    4
    6

    BREAK WITH HIGH


    VOLUME
    BREAKOUT DOWNSIDE

    1.THIS IS CONTINUATION PATTERN MOSTLY BULLISH.


    2.FEATURE LOWER HIGH & HIGHER LOWS WITH BROADER RANGE.
    3.MARKET GOING DWNSIDE SLOWLY BOTH CHANNEL GOING AWAY FROM
    EACH OTHER.
    4.FOR ANY PATTERN INDENTIFICATION 1,2,3,4 NO. CREATION MOST
    IMPORTANT.
    5.FROM 4TH & 6TH SUPORT POINT BUY & 5TH & 7TH RESISTANCE POINT
    SELL START WITH CANDLESTICK PATTERN CREATION.
    6.PATTERN FOUND ON DAY & HOURLY BOTH CHART.
    7.BREAKOUT WITH VOLUME VERY MUCH IMPORTANT THAN BUY/SELL
    .
    SUBSCRIBE & FOLLOW
    AGRAWALCORPORATE

    AGRAWALCORPORAT

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