BCN symmetrical triangle (pennant web) First target 45 + 80%
Updated
After the breakdown of the downward secondary trend line, a symmetrical triangle has formed, which, in case of breakdown upwards, can act as the canvas of the ascending pennant. The goals of the triangle and the pennant are completely different. It will be worked out during the breakdown or only the goal of the triangle or the ascendant pennant can only be judged on the volume of the buyer during the breakdown13
The coin is very manipulative, in more detail I described everything in the previous trading idea for this coin, which I attached to the description of this trading idea. I will not repeat.
ENTRANCE
If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.
TARGET.
Triangle target + 45%
Pennant target + 80%
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
The coin is very manipulative, in more detail I described everything in the previous trading idea for this coin, which I attached to the description of this trading idea. I will not repeat.
ENTRANCE
If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.
TARGET.
Triangle target + 45%
Pennant target + 80%
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
Order cancelled
The symmetrical triangle was broken down. Entry point is not reached (breakthrough and price fixing above the downtrend triangle up). We are waiting for a new entry point to the market.
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Concave local bottom. Important resistance and price reversal zone.
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