Impulse moves are followed by corrective moves at all times. Corrective moves are points where the assets take a break from rallying just because the traders are taking profits or joining in expectation of changes in directions.
Corrections can be either reversal or continuation. The following is an expanding triangle as a continuation pattern.
Good luck!
Corrections can be either reversal or continuation. The following is an expanding triangle as a continuation pattern.
Good luck!
Trade active
Trade closed: target reached
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Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
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.