Quite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁).
Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested.
I believe we target the equal lows at the bottom of the bigger range [highlighted with the white rectangle] next.
Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested.
I believe we target the equal lows at the bottom of the bigger range [highlighted with the white rectangle] next.
Trade active
Smaller range broken! LFGTrade closed: target reached
Bam!
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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.