Güncellendi
SMH Symmetrical Triangle
Symmetrical Triangles that appear after a long bullish move are trickier to play than those that appear after a long bearish trend. Why? Because the pattern will sometimes breach the upper line of the triangle and soon thereafter reverse direction. Thus, money management is vital.
What to watch for:
Long Case: A break above the downsloping line of the triangle on higher than usual volume would indicate a potential move higher. In the case of SMH our target would be $95.
Short Case: A break below the upsloping line of the traingle on higher than normal volume would indicate a potential move to the downside. Our target would be set at $87.
What to watch for:
Long Case: A break above the downsloping line of the triangle on higher than usual volume would indicate a potential move higher. In the case of SMH our target would be $95.
Short Case: A break below the upsloping line of the traingle on higher than normal volume would indicate a potential move to the downside. Our target would be set at $87.
Not
Correction: Short Case initial downside target would be $77
AlgoTrend Capital LLC
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
AlgoTrend Capital LLC
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.