Description
⋅ Chart is self explanatory.
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!!
Comment
⋅ Activated yesterday, let see how this study performs
Comment
⋅ climbing towards second target!
Trade closed: target reached
⋅ SECOND EDUCATIONAL TARGET CLOSED!