Quite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁).
Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested.
I believe we target the equal lows at the bottom of the bigger range next.
Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested.
I believe we target the equal lows at the bottom of the bigger range next.
Trade active:
Smaller range broken! LFG
Trade closed: target reached:
Bam!