Symetrical triangle with breakout to the up side.
Breakout from the triangle occurs. 54% of all cases this breakout is upward.
However, these types of triangles may show many false breakouts, which urges traders to pay a little more attention and to act with caution. Always wait for confirmation.
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.
Happy new year.
Breakout from the triangle occurs. 54% of all cases this breakout is upward.
However, these types of triangles may show many false breakouts, which urges traders to pay a little more attention and to act with caution. Always wait for confirmation.
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.
Happy new year.