Triangle at GOLD
One of the most popular pattern is the triangle. It is also among the figures with the best performance.
The idea behind it is very simple - The price makes lower peaks and higher bottoms, thus closing in a triangle. At one point it must break and this will trigger movement in the direction of the break. In most cases, the break is in the direction of the previous trend.
If we see a break here, we can expect a quick reach to 1754.
In case of a break down we can look for 1701.
To receive confirmation of the break, wait for closing below / above the previous level.
LIKE AND COMMENT - this is how you help us!
The idea behind it is very simple - The price makes lower peaks and higher bottoms, thus closing in a triangle. At one point it must break and this will trigger movement in the direction of the break. In most cases, the break is in the direction of the previous trend.
If we see a break here, we can expect a quick reach to 1754.
In case of a break down we can look for 1701.
To receive confirmation of the break, wait for closing below / above the previous level.
LIKE AND COMMENT - this is how you help us!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.