Entry Signal
An entry signal is given when the price breaks out of the descending triangle to the downside. This should occur about 66% into the triangle. If the price breakout occurs near the apex of the triangle, it is not valid entry signal as these breakouts tend to lack momentum and have a higher tendency to fail.
wait for more confluence
An entry signal is given when the price breaks out of the descending triangle to the downside. This should occur about 66% into the triangle. If the price breakout occurs near the apex of the triangle, it is not valid entry signal as these breakouts tend to lack momentum and have a higher tendency to fail.
wait for more confluence
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.