BALAJEE - Descending Triangle Meets Multi-Pattern Confluence

606
On the daily chart of Balajee, price action has formed a descending triangle right at the lower end of the trend:

🔻 Lower highs consistently pressuring horizontal support.
🟩 Price sitting within a clear demand zone, adding significance to the structure.
📊 Volume tapering off through consolidation, a classic triangle trait.
📐 Presence of a hidden counter-trend line (dotted) hinting at a potential broadening formation — showing a rare multi-pattern overlap.

Such setups are important not for predicting price, but for understanding how multiple structures can interact.

⚠️ Purely educational observation — no buy/sell advice.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.