Look to buy on breakout above triangle, preferably daily close.
Stop loss below triangle.
Note that the target is an estimate. Can also use the ATR Stops Indicator as a trailing stop loss if preferred.
More advanced trade is to buy within the triangle (most recent signal near $8.45) as the trend is up. Stop loss still placed below triangle. This vastly improved the Reward:Risk
Ideally, volume should increase on breakout.
Stop loss below triangle.
Note that the target is an estimate. Can also use the ATR Stops Indicator as a trailing stop loss if preferred.
More advanced trade is to buy within the triangle (most recent signal near $8.45) as the trend is up. Stop loss still placed below triangle. This vastly improved the Reward:Risk
Ideally, volume should increase on breakout.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.