IBULHSGFIN - Descending triangle - 10% potential
IBULHSGFIN has formed a descending triangle pattern.
If breaks upside, HRly candle close above 127.5 may give us target of around 140.
If breaks downside, Hrly candle close below 122.5 may give us target of around 110.
SL: 3 pts from entry level.
Timeframe: 3 days to 10 days
Note: It is high likely to break on the upside as the previous trend of the triangle is upside, so the trend is expected to continue.
If breaks upside, HRly candle close above 127.5 may give us target of around 140.
If breaks downside, Hrly candle close below 122.5 may give us target of around 110.
SL: 3 pts from entry level.
Timeframe: 3 days to 10 days
Note: It is high likely to break on the upside as the previous trend of the triangle is upside, so the trend is expected to continue.
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