CNVRG Price Action/Chart Pattern Trade
This is pretty straightforward trade.
Entry on a bullish reversal pattern and exit on a bearish reversal pattern.
The entry pattern is Double Bottom.
Entry point is above the neckline. When price broke the neckline, that is where you enter. Put a stoploss or cutloss point below the second bottom after entry.
The exit pattern is Rising Wedge.
Exit when the lower line or the support line of the pattern was broken.
Over 83 percent gain. Bonus avoidance of a massive downtrend as well.
Entry on a bullish reversal pattern and exit on a bearish reversal pattern.
The entry pattern is Double Bottom.
Entry point is above the neckline. When price broke the neckline, that is where you enter. Put a stoploss or cutloss point below the second bottom after entry.
The exit pattern is Rising Wedge.
Exit when the lower line or the support line of the pattern was broken.
Over 83 percent gain. Bonus avoidance of a massive downtrend as well.
Traders Den PH
blogs.tradersdenph.com
blogs.tradersdenph.com
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.
Traders Den PH
blogs.tradersdenph.com
blogs.tradersdenph.com
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.