Stock to watout for- Symmetrical triangle breakout!
Understand what is Symmetrical triangle!
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Understand what is Symmetrical triangle!
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Trade closed: target reached:
from 185 to 710.. Massive returns