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antusdt symmetrical triangle - 15.05.23
antusdt symmetrical triangle - 15.05.23
By initmx
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Updated
May 18, 2023
1
May 15, 2023
BTCUSDT.P
BYBIT:ANTUSDT.P
BTCUSD.P
symmetrical setups:
long the breakout, shot the breakdown
trades as provided
for a long:
breakout
retest
resistance flips support
for a short:
clear breakdown of the triangle
horizontal support flips resistance((retest)
start making lower lows
NB: short is highly unlikely(failsafe trade)
the chart is self explanatory, check out the related ideas link for a detailed explanation on how to trade symmetrical triangles.
Trade with due diligence.
May 18, 2023
Note
developed into an ascending triangle, waiting for the breakout/down before entry
Chart Patterns
Trend Analysis
Wave Analysis
initmx
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