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/
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.