Place a stop loss just outside the pattern, on the opposite side from the breakout. For example, if buying an upside breakout, place a stop loss just below the lower trendline. If going short on a downside breakout, place a stop loss just above the upper triangle trendline.
Related publications
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.
Related publications
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.