QBE Long term short

7 Year descending triangle
-Established downtrend
-Huge pattern with a few out of line movements in Feb, Sep and Nov which make entry difficult
-Out of line movements, nonetheless, denote the likely direction of the breakout

-Will look to establish 80 basis points of risk initially in 2 tranches
-In the case of such a large pattern, one of 3 things will cause me to pull the trigger:

1. A 4-6 week 'launching' pattern i.e. horizontal range, H&S
2. A breakout and retest of boundary line
3. A decisive break with large volume and weekly close below the out of line weeks mentioned above

Looking promising but would prefer a retest of boundary before pulling the trigger. As you can see, price has traded south of the boundary before so a conservative stance is prudent.
It is worth noting with volume that with a valid bullish break, volume is accompanied immediately whereas bearish price action, volume tends to follow after a significant decline.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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