Breakout is always dangerous without confirmation. This is my observation as we never know which side it will move. Specially during result time.
Trade-Wealth
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@Indidiot, Break Out is essential for any pattern strategy. Without that it is not advisable to enter.
Indidiot
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@mdhaamu, But just to learn why this descending triangle was envisaged to breakdown. Generally it is clubbed with bigger trend, where PFC was reverting back. So my guess would have been on Breakout......!!! Please explain so that I can understand things better as I am a learner.