Descending Triangle Reversal Pattern—Bottom
The descending triangle reversal pattern at the bottom end of a downtrend is where the price action stalls and a horizontal support level mark a bottom. If the price action breaks to the upside from the descending triangle reversal pattern at the bottom, a trader can choose long positions.
investopedia.com/terms/d/descendingtriangle.asp
- Take your Long position now or at the break-out with volume
- Set Your TP based on the length of the Triangle from the break-out point
- Set Your SL under the lowest point in the Pattern
investopedia.com/terms/d/descendingtriangle.asp
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