-1 year ascending triangle
-Well defined boundaries
-High volume previous week with price touching both boundaries within the week
50 basis point risk on break, an additional 50 on close above boundary
-Well defined boundaries
-High volume previous week with price touching both boundaries within the week
50 basis point risk on break, an additional 50 on close above boundary
Note
Potential breakout day, Stop buy order in
Note
One of my favorite validation indicators is how Bollinger Bands fit around a classical charting pattern. Note the bands are beginning to squeeze with the upper band forming around the upper boundary of the patternNote
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.
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.