You now have options. Both are good setups.
On the long side, if you can wait and watch, you can determine when the pullback stops and buy again. Otherwise, enter with the indicated stop.
On the short side, this can be a prime spot. Ascending triangles are known to breakout on the upside and fail all expectations and breakout on the downside again.
Either positions have clear stops, making this a controlled entry on both sides.
On the long side, if you can wait and watch, you can determine when the pullback stops and buy again. Otherwise, enter with the indicated stop.
On the short side, this can be a prime spot. Ascending triangles are known to breakout on the upside and fail all expectations and breakout on the downside again.
Either positions have clear stops, making this a controlled entry on both sides.
Kommentera:
The breakout of the inside bar can be taken as the end to the pullback.