Follow these three rules to take a trade :
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
Note
It has broken downside. Good position to short if it gives a green candle last kiss
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.