Texas RoadHouse (TXRH- US) Sell for triangle breakdown

26 Nis 2020

Texas RoadHouse (TXRH- US) formed triangle after severe downtrend. This triangle formed B wave as shown on chart. Sell below 45.30 after breakdown with stops above 47.85 for bigger down target

10 May 2020

İşlem aktif

The triangle was the part of ABC pattern as B wave. After completing B wave as triangle, it completed sharp C wave, which completed 4th wave.
as mentioned above price never broke 45.30 so entry never taken, and 4th wave completion the entry should be taken and stops should be above 4th wave top.