Ascending Triangle formation in ETSY

2023년 2월 8일

Hi Traders & Investors,
I am excited to share my next script. Its Etsy! The script has formed a nice ascending triangle after a decent correction.
Ascending triangle formation is a nice base formation pattern which can give good entry points and the risk rewards are favourable.
This pattern has a high success rate and can be considered before the breakout or during the breakout as well.
Based on my analysis on this the entry can be taken in range of 135-145. Stop loss below 129 daily closing basis for short swing and 110 in weekly closing basis.
Target in ascending triangle is the height of the triangle. Looking at red line this comes at 300+ levels.
This setup can be placed by positional as well as medium term 6-8 months.