COMP triangle breakout
Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 481 and even higher.
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- ENTRY: local high @ 445
- SL: local low @ 432
- TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 481
- RRR: 2.7
- INVALIDATION: when SL level hit
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Note
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order filled ✔️Trade closed: target reached
TP hit. It just sturggled in the beginning, then straight up. 🎯 Exactly zero indicators have been used. Pure price action and geometry.
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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.