The pattern is clean. We are currently forming a descending triangle.
The declining volume suggests that there is an imminent move.
Descending Triangle Statistics:
Break-even failure rate: 16% in a bull market; 11% in a bear market
Average decline: 16% in a bull market; 25% in a bear market
Pullbacks: 54% in a bull market; 59% in a bear market
Percentage meeting price target: 54% in a bull market; 50% in a bear market
Nobody should base his trading strategy on one indicator only therefore, we should consider the volume profile and how HVN fits with the bottom trend line of the triangle.
Also, the 9/30 strategy (look at the previous idea) suggests that a death cross is about to happen, confirming a downward move.
When the breakout occurs, one should wait for a pullback and volume increase before opening a trade.
You should also have price targets and stop losses...
Trade carefully
The declining volume suggests that there is an imminent move.
Descending Triangle Statistics:
Break-even failure rate: 16% in a bull market; 11% in a bear market
Average decline: 16% in a bull market; 25% in a bear market
Pullbacks: 54% in a bull market; 59% in a bear market
Percentage meeting price target: 54% in a bull market; 50% in a bear market
Nobody should base his trading strategy on one indicator only therefore, we should consider the volume profile and how HVN fits with the bottom trend line of the triangle.
Also, the 9/30 strategy (look at the previous idea) suggests that a death cross is about to happen, confirming a downward move.
When the breakout occurs, one should wait for a pullback and volume increase before opening a trade.
You should also have price targets and stop losses...
Trade carefully
交易進行
註釋
Take profit 1: ✅註釋
Take profit 2: ✅註釋
Take profit 3: ✅交易結束：目標達成
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。
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。