3/28/2024 0 Comments Rising wedge vs ascending triangleHowever, it is advisable to monitor other technical analysis indicators and market news that could influence price action. A price target is set by measuring the pattern height and adding this number to the buy trade entry price. A risk management order is placed below the breakout candlestick low price. Exit Strategy: Traders usually exit the position once the price reaches the predetermined target. Ascending triangle pattern trading involves a trader entering a long trade when the market asset price penetrates the resistance horizontal line on rising volume. This involves setting appropriate position sizes and using other technical analysis indicators to validate the pattern, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD).
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