DECENDING TRIANGLE - WOLF WAVE CONFLUENCE
Updated
Morning traders!
4H Chart
We have an outstanding Risk/Reward ratio here!
This is one of my favorite setups when the markets are contracting.
Currently I have an "DECENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: The "DECENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from investopedia.com
4H Chart
We have an outstanding Risk/Reward ratio here!
This is one of my favorite setups when the markets are contracting.
Currently I have an "DECENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: The "DECENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from investopedia.com
Note
Stopped out
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