Take profit of triangle breakout reached, finding heavy resistance. Enter position when 2-3 candle closes below resistance. Short until Sell Zone, after Sell Zone target reached enter long position back up to resistance. First take profit is trend under current parabolic trend; second take profit is the trend below that one.
Trade active
Wait for ETC to break current parabolic trend; will most likely find support on the resistance it just broke through. Keep an eye out for those candle closes.Trade active
Trade active
Play is activated once 2-3 closes below that support line.Trade closed: target reached
Note
Timing was a little off.
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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.