• Triangle pattern on daily chart
• Breakout can be to the upside or downside
• In this case, breakout was on the downside
• How to set the price target?
1- Measure the difference between the lowest and highest point in the triangle
2- Project it from the breakout point
• As illustrated on the chart, the price range of the triangle, projected from the breakout point gives us the target at the critical multi year support at 0.8270
Good luck
• Breakout can be to the upside or downside
• In this case, breakout was on the downside
• How to set the price target?
1- Measure the difference between the lowest and highest point in the triangle
2- Project it from the breakout point
• As illustrated on the chart, the price range of the triangle, projected from the breakout point gives us the target at the critical multi year support at 0.8270
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading