strong buy
Breakout from Triangle Pattern with Trend Follow and Clear Targets
The trader entered on an exit from a triangle pattern following the trend. The stop-loss was set beyond wave C, with the take-profit at the crossover of the global maximum.
Source available for registered users Sign Up Free
AI Analysis
The trader's strategy involved entering a position during a breakout from a triangle technical pattern, which is typically viewed as a continuation or reversal signal depending on context. Setting the...
AI Recommendation
For traders observing similar setups, it is advisable to monitor the triangle pattern for confirmation of the breakout. Placing a stop-loss just beyond wave C helps to protect against false breakouts,...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
short