An ascending triangle is a bullish chart pattern characterized by a horizontal resistance line at the top and a rising support line at the bottom, indicating increasing buying pressure. This pattern often suggests that a breakout to the upside is likely, with historical success rates of around 63% for upward breakouts.
Source - Multiple Internet sites.
All details on chart. Have put an alert at 343 and will activate trade only once BO is confirmed on a closing basis.
Always work with a strict SL (Red Dash Line).
--- --- ---
They bought the breakout, filled with pride,
And settled in to ride the tide.
No stop-loss set, no exit planned,
Just blind belief in the promised land.
But hope is an anchor when trends reverse,
And minor dips soon became a curse.
They watched it plunge, frozen in fear,
Wishing a safety net was near.
So bless the stop that cuts the thread,
Before a bad trade claims your head.
- Ai Generated.
Source - Multiple Internet sites.
All details on chart. Have put an alert at 343 and will activate trade only once BO is confirmed on a closing basis.
Always work with a strict SL (Red Dash Line).
--- --- ---
They bought the breakout, filled with pride,
And settled in to ride the tide.
No stop-loss set, no exit planned,
Just blind belief in the promised land.
But hope is an anchor when trends reverse,
And minor dips soon became a curse.
They watched it plunge, frozen in fear,
Wishing a safety net was near.
So bless the stop that cuts the thread,
Before a bad trade claims your head.
- Ai Generated.
Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.