Symmetrical Triangle - Intraday
! Not financial advice but someone sharing his trading diary!
Preparing a bullish and a bearish scenario in case this pattern plays out.
- 1 Fakeout - Enter at the backtest of the weekly level (acceptance or rejection) + Daily open + Session VWAP + Fib confluences + ...
- 2 Breakout - Enter with STOP MARKET if pattern breaks out with high volume + Increasing Open Interest
- 3 Conservative - Enter at the backtest and bounce or Rejection of the pattern
Invalidation :Previous HL (Short) / LH (Long)
Risk: 1%
Preparing a bullish and a bearish scenario in case this pattern plays out.
- 1 Fakeout - Enter at the backtest of the weekly level (acceptance or rejection) + Daily open + Session VWAP + Fib confluences + ...
- 2 Breakout - Enter with STOP MARKET if pattern breaks out with high volume + Increasing Open Interest
- 3 Conservative - Enter at the backtest and bounce or Rejection of the pattern
Invalidation :Previous HL (Short) / LH (Long)
Risk: 1%
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