Chart is self explanatory.
Just for education purpose, points to be noted
Note: This chart is for educational purpose only!!
Just for education purpose, points to be noted
- In this type of formation an entry is typically taken when the price breaks out.
- Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
- A stop loss is placed just outside the opposite side of the pattern.
- For example, if a long trade is taken on an upside breakout, a stop loss is placed just below the lower trendline.
Note: This chart is for educational purpose only!!
Note
Activated yesterday, let see how this study performsNote
climbing towards second target!Trade closed: target reached
SECOND EDUCATIONAL TARGET CLOSED!
Hardeep S Singh Sethi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hardeep S Singh Sethi
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.