iCharts Discussions

[vrushabh123]

Just to confirm in tata mot i think there is des triangle also in dly chart..BD has occured at 1175 but hve to c if it sustains or not..so i m confused which is the pattern H & S OR Des triangle..pl clear my doubt..

[casper]

i think u have mentioned this pattern which i am posting now. price retraced to the lower tl here

if u want to see it as a descending triangle then no problem, if u call it h/s then also no prb

in fact the idea is we anticipate a bd, that's it

both are the bearish patterns in case if we find two separate patterns out of same price movements then we have a problem or else if we see two bearish or two bullish pattern at the same price movement, then its like a double confirmation for me

when i say h/s i am talking abt the larger picture and when i say des tri im talking abt the smaller section of it
(though the h/s can be viewed only in line chart, not in candlestick or bar chart)