-54 Week Descending triangle
-Relatively defined boundaries for a large pattern
-Declining volume
-Could require more time to fill out pattern
100 basis points planned, 50 on break, 50 on break and close
-Relatively defined boundaries for a large pattern
-Declining volume
-Could require more time to fill out pattern
100 basis points planned, 50 on break, 50 on break and close
Note
Did not get my sell stop order in before open so limit sell orders in place, will sell at market closer to the close if not filledTrade active
50 basis points, will add a further 50 if reasonable break and close proves to be the caseNote
Short a total of 100 basis pointsNote
Stop 4.60Note
Stop 4.52Note
Stop 4.45Trade closed: stop reached
Stopped @ 4.46Note
Will give this one more attempt.Sell stop @ 4.38 with SL @ 4.64
80 basis points
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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.