The classic strategy:
Entry: Take a long position at the breakout of the resistance
Stop: The stop is placed below the last lowest
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
Entry: Take a long position at the breakout of the resistance
Stop: The stop is placed below the last lowest
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
