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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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.
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.