Symmetric triangle on XOP ETF
A symmetric triangle is developing on XOP ETF. We need to wait till the price breaks the support line or the resistance line to establish a position. The break need to be confirmed by the volume. The price to open a position in the chart is only representative, we must establish a position when the price breaks the triangle, with the take profit as long as the triangle base and the stop loss near to the last minimum/maximum point.
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