Triangles
The third way you can spot breakout
opportunities is by looking for triangles. Triangles are formed when the market
price starts off volatile and begins to consolidate into a tight range. Our
goal is to position ourselves when the market consolidates so that we can
capture a move when a breakout occurs.
There are 3 types of triangles:
1.Ascending triangle
2.Descending triangle
3.Symmetrical triangle
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