MAYHEM_ORDERFLOW

How to trade a Descending Triangle Pattern ?

Education
MCX:NATURALGAS1!   NATURAL GAS FUTURES
Tools Used :

VWAP
Stochastic RSI

Strategy :

1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular.
2. For even safer entries, wait for the price to cross the VWAP .
3. Try to buy and sell on or near the lower and upper extremes of the pattern.
4. Look for reversal signals when approaching the extremes, backed by RSI crossovers, e.g., pin bar , or spinning top , or bearish / bullish engulfing , or a doji .

Hope it will be useful.
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Trade closed manually: Trade Placed : 206.4
SL : 207
Trade Closed : 201.5
Profit : -2.35%
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