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Triangle Pattern Breakout and Retest of Breakout Level

Updated

Triangle Pattern Breakout and Retest of Breakout Level

Triangle Pattern Breakout,
And Retest Of Breakout Level ,
And With Double Confirmation

1st - Price break the pattern

2nd - Price retest the breakout Level

3rd - Buying Entry for this patter is when breakout retest

4th - Find Stop Loss Where the Swing Low Before Breakout of Pattern
or the just low below the lower line of pattern

5th - Find the Target Price is equal to the Height of the Pattern

6th - Target is From the Breakout of the Pattern
or the Double Confirmation of the Pattern Breakout

Note

7th - Breakout Double Confirmation is the after pattern breakout
first swing high is crossed

Note

8th - Swing Low Stop Loss Level is Sometimes Between the Pattern or Sometimes
very close near the Bottom line of Pattern

Note

I am creating this education idea because some trader ask me on my previous ICICIbank posted idea that how do u find target and stop loss in this pattern
so here i am briefing the pattern thanks for reading

Note

Note

so the target after breakout is equal to the pattern base price

Note

means high price 380 and low price 340
so base price = 380-340 = 40 point
so the target after breakout is also minimum 40 point

Note

Double confirmation is most important part of any pattern
because most of the times price not formed double confirmation is comeback in opposite direction after giving breakout and trapped many people who enter early without confirmation

Note

sk_4587

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