DLT (Agrello) Symmetrical Triangle ABCDE
Updated
DLT the tittle says it all, those setups that is worth to see develop!
There's hidden bullish divergence on RSI.
Making another higher low and consequently (if doesn't break up) another lower high on PA (Price Action), should mark another lower low on RSI for confirmation of the bullish hidden divergence (3rd point) - continuation of uptrend.
Hopefully we break up right after the lower low on RSI (3rd point) and touch the bottom of symmetrical triangle.
This is indeed a perfect setup, but as we know, not always play, especially completion of targets. So, be aware and book profits or use TSL (Trailer Stop Loss).
- Trade the breakout!
PM for any info!
There's hidden bullish divergence on RSI.
Making another higher low and consequently (if doesn't break up) another lower high on PA (Price Action), should mark another lower low on RSI for confirmation of the bullish hidden divergence (3rd point) - continuation of uptrend.
Hopefully we break up right after the lower low on RSI (3rd point) and touch the bottom of symmetrical triangle.
This is indeed a perfect setup, but as we know, not always play, especially completion of targets. So, be aware and book profits or use TSL (Trailer Stop Loss).
- Trade the breakout!
PM for any info!
Comment
Playing accordingly so far, we could have set our lower high to go, or we can be playing some harmonic pattern before.Trade active
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