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TRIPLE TOP Ascending Triangle ETHUSD 1H

BITSTAMP:ETHUSD   Ethereum / Dolar
IF THIS HAPPENS - THEN WHAT?
This is a bullish chart pattern but price could have a bearish breakout.
Entry on 15m charts with break-hook-go
Bullish breakout- buy stop and TP as shown
Bearish breakout of lower trendline TP ! and TP 2 as shown
Komen: PAIR BROKE LONG 1H
snapshot
Komen: BREAK - HOOK - GO LONG 15M
snapshot

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Would you say these types of patterns are stronger than individual signals like engulfing pattern? Are these types of patterns (triple top) best found with bar charts or candle charts?
Balas
@JonathanMcBrine, Bar or candle - If you are using the high of the wick either are the same so either will work the same. Chart patterns and candle patterns I use to let me know "If this happens - what then". I always determine both directions for the market to go at chart/candle patterns so I know the "what then" and I am prepared for it. My entries are based on an alert to let me see what is happening before I enter.
Balas
Seemed to be a strong wall at 800+/-
Balas
@MS3IV, Yes, that's why I had my TP at 795.
Balas
MS3IV Tradingstrategyguides
@Tradingstrategyguides, tp meaning target profit? The line at 791.95? Thanks

What do you expect now? Reversion toward the lower or. How low do we go
Balas
Do you recommend closing trades at 780-790 resistance or do you expect another bullish breakout?
Balas
@kingslayerxxx, What do you fell is wrong?
Balas
@kingslayerxxx, The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Ascending Triangle (Continuation) - StockCharts.com
Balas
neato
Balas
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