- We can see a Descending Broadening wedge pattern in nifty.
- Break out can be on either side..
- Broadening patterns are usually negative and breaks on the lower side.
- But the statistics for descending Broadening wedge shows that this particular pattern has given more successful upside break outs.
- For target see the break out side. see the highest and lowest point within the pattern and add it to the break out point for going long, and opposite for going short.
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