In the above example you can see a continuation chart pattern.
After a strong rally, price start to reverse and formed a falling wedge.
How to trade the falling wedge?
1. Wait for a breakout.
2. Enter at the retest of the breakout.
3. Set your stop-loss bellow the market structure.
4. Set your target at the higher high of the falling wedge.
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After a strong rally, price start to reverse and formed a falling wedge.
How to trade the falling wedge?
1. Wait for a breakout.
2. Enter at the retest of the breakout.
3. Set your stop-loss bellow the market structure.
4. Set your target at the higher high of the falling wedge.
This tutorial contains educational material.
Please hit the LIKE button to support me!
FOLLOW ME if you liked this post and want to see more educational post and trading ideas.
Thank you!
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。