Here we have a triangle pattern, and our high probability move anticipated is bearish, so we expect a drop in price. From the price action at the start of the triangle we can see heavy bearish action and this is normally and indication that the bearish trend may continue.
Happy trading
Happy trading
Kommentera:
Can clearly see that the high probability setup did not trigger the Sell, however our alternative setup did trigger. Price then moved into a accumulation phase, broke the resistance and moved higher to our alternative setup second target. Always consider what the price can possibly do. Trading triangles we don't really care the direction, we care that there will be a break before the price reach the apex.