$SLP - Symmetriacal triangle trading
A Simple plan for a self defeating symmetrical triangle. If your are not sure as to which side its going to break to, you can create a dual trading plan. For instance if c is penetrated then a short will be triggered, conversely a long position will be opened when d hits. This is one ewt you can never loose in 1) its easy to identify and 2) it gives you the opportunity to go in either direction
Scenario 1: wave marked pink
This implies that we have a bearish setup and hence expect a breakdown. Since we know that E can't go above D, a long position is placed slightly above D
Scenario 2: wave in brackets
Conversely, E can't go below (D) and an ideal position for a short would be just below (D)
This setup prepares you for anything the market direction
Scenario 1: wave marked pink
This implies that we have a bearish setup and hence expect a breakdown. Since we know that E can't go above D, a long position is placed slightly above D
Scenario 2: wave in brackets
Conversely, E can't go below (D) and an ideal position for a short would be just below (D)
This setup prepares you for anything the market direction
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.