Symmetric triangles are a well known pattern, in which price forms lower highs and higher lows following two sloping trend lines that eventually intersect.
According to Bulkowski identification guidelines, we should be looking for
-duration of 3 weeks minimum
-volume decreasing throughout formation
-price touching both sides of the formation boundaries several times
In case of an upwards breakout, which is quite probable in a bull market, we should add the height of the formation to the price breakout to set our target price, and SL below the down limit of the triangle.
Let's see how it plays out!
According to Bulkowski identification guidelines, we should be looking for
-duration of 3 weeks minimum
-volume decreasing throughout formation
-price touching both sides of the formation boundaries several times
In case of an upwards breakout, which is quite probable in a bull market, we should add the height of the formation to the price breakout to set our target price, and SL below the down limit of the triangle.
Let's see how it plays out!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。