TradingView
quantmaven
Jul 7, 2021 1:39 PM

QTUM: Triangle frustration before a big move Long

Qtum / US DollarBinance

Description

QTUM is showing why investing in a triangle breakout can be frustrating. When you think you have identified a triangle (see teal), you buy at the breakout only to find out there is a bigger triangle taking place (see green)... Either cases point to higher prices in the upcoming days but it is easy to be stuck with a losing trade in the very short term.
More