108% return in 1 month by triangle breakout
Updated
Left chart:
Point 3: RT crossover happened two days earlier than MACD crossover
Breakout occurs after LH point 4', and had a pullback to $1.55.
The following day showed a confirmation of LONG.
Right chart:
Many sellers took profit near $2.67 as the price range from triangle breakout reached, so the candlestick formed a inverted hammer.
This hammer wasn't strong because the buying volume has been increased day by day.
Use Fib. Ext to project target profit which is near $3.25 (also intersection of resistance trend line)
Point 3: RT crossover happened two days earlier than MACD crossover
Breakout occurs after LH point 4', and had a pullback to $1.55.
The following day showed a confirmation of LONG.
Right chart:
Many sellers took profit near $2.67 as the price range from triangle breakout reached, so the candlestick formed a inverted hammer.
This hammer wasn't strong because the buying volume has been increased day by day.
Use Fib. Ext to project target profit which is near $3.25 (also intersection of resistance trend line)
Trade closed: target reached
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