#TFStrategy: Symmetric Triangle in "General Electric" (GE)
The symmetrical triangle is a pattern with higher minimums and lower maximums.
We can consider the the moving averages of 200 period, indicating a strong support in the price of the stock.
Temporality of the graph: 4 hour
This type of pattern is of the non-directional type. That is, there are two possible operations:
If the triangle breaks up, at an approximate price of $10.1 is expected a long operation, with Take Profit around $12.3 and Stop Loss at $9.4 per share.
The risk-reward ratio in the long operation is 3.14
The symmetrical triangle is a pattern with higher minimums and lower maximums.
We can consider the the moving averages of 200 period, indicating a strong support in the price of the stock.
Temporality of the graph: 4 hour
This type of pattern is of the non-directional type. That is, there are two possible operations:
If the triangle breaks up, at an approximate price of $10.1 is expected a long operation, with Take Profit around $12.3 and Stop Loss at $9.4 per share.
The risk-reward ratio in the long operation is 3.14