Get started
SwissTradingSchool

LOW, Lowe's Company Inc. - No real entry point even dough...

Long
Lowe's Companies, Inc. (NYSE:LOW)  
SwissTradingSchool  
NYSE:LOW   Lowe's Companies, Inc.
Support and Resistance Chart Patterns Triangle riskreward Ascending Triangle signals breakout Technical Analysis LOW lowes
2
0
supportandresistance chartpattern triangle riskreward ascendingtriangle signals breakout technicalanalysis low lowes
LOW
Not only is it enough that there is a pattern, but also that there are the special breakout conditions to have the right Risk Reward and % Profitability.
As you can see in this case, there was no clear breakout of the resistance level, so we would not know where to enter exactly and position our stop loss accordingly.
So what do we do? We look for new opportunities
Good Trading to All!
fb.me/theswisstradingschool
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.