Traders could open a long position since the price reached the ascending channel’s lower trendline and exit the trade when price nears the upper
channel line. A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses.
This chart is for educational purpose, i would like to see insights from others.
channel line. A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses.
This chart is for educational purpose, i would like to see insights from others.
CHECK IT OUT 😎
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youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
⬇️⬇️⬇️
youtube.com/channel/UC_UP6XvTaTEKIapdM-aKzWA
twitter.com/TheChartingArt
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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.