Generally Speaking , charts of the same commodity/ equity , tend to have similar pattern sequences which tend to repeat over & over again. They seem to favor certain behavior patterns
This is called as the Fractal Nature of Patterns!
Here in the case of Lloyds Engineering, we can see that the stock usually makes a symmetrical triangle, wears out all the weak holders, tests the patience of strong holders & then usually starts it upward journey.
The breakout looks strong associated with good volumes
This is called as the Fractal Nature of Patterns!
Here in the case of Lloyds Engineering, we can see that the stock usually makes a symmetrical triangle, wears out all the weak holders, tests the patience of strong holders & then usually starts it upward journey.
The breakout looks strong associated with good volumes