SymTriangle was formed and broked and the price broke through the lower trend line.
Then Reversal candles showed up on big volume while Bollinger Bands were narrowing
If it breaks up - first next target will be near the highest point of the AscTriangle and then will vary on circumstances
The lowest point of reversal candles will act as support. Place 1-5% stop under support if it breaks down. Chances are 50/50 that it will touch major trend line.
Then Reversal candles showed up on big volume while Bollinger Bands were narrowing
If it breaks up - first next target will be near the highest point of the AscTriangle and then will vary on circumstances
The lowest point of reversal candles will act as support. Place 1-5% stop under support if it breaks down. Chances are 50/50 that it will touch major trend line.
Comment:
Trade closed
Trade active
Trade closed: stop reached