Break out of the last triangle in ETH can be retraced

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It is often after the break out of triangle that the price will come back closely to the origin of the breakout.
Besides, the whole structure looks like double correction.
a-b-c, triangle and once again a-b-c

SL 0.02340
TP 0.02550

٤ يونيو ٢٠١٦

ملاحظة

Technically the trade is stopped-out as my defined SL was a bit to tight.

The price should, however, come to the initially targeted level

٨ يونيو ٢٠١٦

أغلقت الصفقة: تم الوصول للهدف

As mentioned in the previous comment, we are now where ETHBTC should be, namely at the initial point of break-out from trangle.

Can't say that the trade was perfectly setup, as the initial SL was a bit too tight.

But the rule of "it is more often then not that the breakout of triangle will be retraced back close to the origin of break-out" was yet again confirmed.