Expanding with 2 bottom touches>>
I would like to see 3rd touch before continuation UP (possible option)
SO we have smaller pattern (ascending)
within this bigger pattern (expanding)
which would be nice to try to SHORT , but i would wait 3rd touch on uppper expanding TL before going down ....
OR you can sell on break of ascending.
Try to Use 15 min chart for this one,
Ascending have 2 upper touches at the moment....
I would like to see 3rd touch before continuation UP (possible option)
SO we have smaller pattern (ascending)
within this bigger pattern (expanding)
which would be nice to try to SHORT , but i would wait 3rd touch on uppper expanding TL before going down ....
OR you can sell on break of ascending.
Try to Use 15 min chart for this one,
Ascending have 2 upper touches at the moment....
Trade active
15 min Have in mind that 3rd touch doesnt have to be on trend line, a lot of time it retest on previous high which is consider as Double Top
(short on double top reversal candle close)
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Disclaimer
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.