NEOUSD - Symmetrical Triangle

2018년 3월 30일

Hi All,

As usual, i will make the explanation simple and easy to understand.


1. Symmetrical Triangle is a continuation pattern so entry from Bear will end with continous bearish trend at exit
2. Volume decrease until breakout
3. Stoch RSI returned from overbought

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2018년 3월 30일

노트

Take Note that the pattern usually can change to ascending/descending triangle and sometime to raising/ falling wedge. but just monitor on the declining of the volume untill the breakout volume spike.

2018년 3월 30일

액티브 트레이드

Descending Triangle Formed.

Though Descending Triangle is a continuation pattern, some case it broke the triangle resistant and perform a reversal.

Just monitor closely on the candlestick movement and also the volume breakout to confirm the pattern.