Target set at R1, while Stoploss set at S1 incase price made a u-turn.
bigger picture: price is within a bigger Potential Ascending Triangle. Larger / higher target (X to X) can be achieved once broken R1.
bigger picture: price is within a bigger Potential Ascending Triangle. Larger / higher target (X to X) can be achieved once broken R1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.