Break out of the last triangle in ETH can be retraced

POLONIEX:ETHBTC   Ethereum / Bitcoin
165 0 3
It is often after the break out of triangle that the price will come back closely to the origin of the breakout.
Besides, the whole structure looks like double correction.
a-b-c, triangle and once again a-b-c

SL 0.02340
TP 0.02550
Comment: Technically the trade is stopped-out as my defined SL was a bit to tight.

The price should, however, come to the initially targeted level
Trade closed: target reached: As mentioned in the previous comment, we are now where ETHBTC should be, namely at the initial point of break-out from trangle.

Can't say that the trade was perfectly setup, as the initial SL was a bit too tight.

But the rule of "it is more often then not that the breakout of triangle will be retraced back close to the origin of break-out" was yet again confirmed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out