Colgate-Palmolive Makes an Ascending Channel Pattern Signalling a Possible Bearish Breakout
Synopsis: Colgate-Palmolive (India) Ltd has formed an ascending channel breakdown on the 4-hour chart, signalling a possible short-term bearish breakout. An ascending channel pattern is a technical chart pattern formed by two upward-sloping parallel lines, where the price moves between rising support and resistance levels. The chart shows a bearish breakdown from an ascending channel pattern, as the price slipped…
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