Falling Wedge Pattern Breakout; Retest in progress (wait for HL formation)
Formation of HH and HL (Dow Theory; Bullish trend)
Support from 61% fib retracement
Entry after formation of HL (50.5)
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
Manage your risk accordingly
Formation of HH and HL (Dow Theory; Bullish trend)
Support from 61% fib retracement
Entry after formation of HL (50.5)
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
Manage your risk accordingly
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.