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* The trendlines of a triangle need to run along at least two swing highs and two swing lows.
* Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
* A long trade is taken if the price breaks above the top of the pattern.
* A short trade is taken if the price breaks below the lower trendline.
* A stop loss is typically placed just outside the pattern on the opposite side from the breakout.
* A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
Thank you
Please support this idea with LIKE if you find it useful.
***
* The trendlines of a triangle need to run along at least two swing highs and two swing lows.
* Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
* A long trade is taken if the price breaks above the top of the pattern.
* A short trade is taken if the price breaks below the lower trendline.
* A stop loss is typically placed just outside the pattern on the opposite side from the breakout.
* A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
Thank you
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.