LTC/USD forming ascending triangle.
All in place:
Price trend - Can be any direction leading to the chart pattern.
Shape - Triangular. Prices move between two converging trendlines.
Trendlines - Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward.
Crossing - Price must cross the pattern from side to side, filling the triangle with price movement, not white space.
Touches - Price must touch each trendline at least twice, forming distinct valleys and peaks.
Volume - Trends downward 77% of the time.
Breakout - Upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
Average rise/decline: 35%; 19%
Credit - Thomas N. Bulkowski
source - thepatternsite.com/at.html
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!!
This information is not a recommendation to buy or sell.
All in place:
Price trend - Can be any direction leading to the chart pattern.
Shape - Triangular. Prices move between two converging trendlines.
Trendlines - Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward.
Crossing - Price must cross the pattern from side to side, filling the triangle with price movement, not white space.
Touches - Price must touch each trendline at least twice, forming distinct valleys and peaks.
Volume - Trends downward 77% of the time.
Breakout - Upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
Average rise/decline: 35%; 19%
Credit - Thomas N. Bulkowski
source - thepatternsite.com/at.html
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!!
This information is not a recommendation to buy or sell.
Nota
Just added lower first target - more realistic Nota
If triangle breakout downward that is my target for short position. Pattern become valid once breakout occurs ( candle has to be closed )Nota
Triangle broke out downwards so target should be around 150$Nota
Target reached
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.