Only for self study..
The Descending Broadening Right Angle is a bullish reversal pattern.
The classic strategy:
Entry: Take a long position at the breakout of the resistance
Stop: The stop is placed below the resistance line
Target: Theoretical target of the pattern
Advantage: The target of the pattern is often reached (90% of cases) and pullbacks are not frequent
The aggressive strategy :
Entry: Take a short(long) position at the third contact with the support
Stop: The stop is placed below the last lowest
Target: Opposite band of the triangle
Advantage: The amplitude of the movement will be important in case of rebound towards the opposite band.
The risk is low
Disadvantage: Downward breakouts occur in 33% of cases.
The Descending Broadening Right Angle is a bullish reversal pattern.
The classic strategy:
Entry: Take a long position at the breakout of the resistance
Stop: The stop is placed below the resistance line
Target: Theoretical target of the pattern
Advantage: The target of the pattern is often reached (90% of cases) and pullbacks are not frequent
The aggressive strategy :
Entry: Take a short(long) position at the third contact with the support
Stop: The stop is placed below the last lowest
Target: Opposite band of the triangle
Advantage: The amplitude of the movement will be important in case of rebound towards the opposite band.
The risk is low
Disadvantage: Downward breakouts occur in 33% of cases.
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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.