Rectangle bottom as seen in the chart.
Tend to breakout from support.
Option A: To buy @ 83 which is at the bottom of the rectangle.
If it does not break out, we can minimize loss if it breaks downward.
Option B: To buy @ 114 when it breaks out of the chart.
Indicator
Break upward, when the candles closes above the support trend line
Stop loss:
Break downward, when the candle closes below the resistance trend line.
Tend to breakout from support.
Option A: To buy @ 83 which is at the bottom of the rectangle.
If it does not break out, we can minimize loss if it breaks downward.
Option B: To buy @ 114 when it breaks out of the chart.
Indicator
Break upward, when the candles closes above the support trend line
Stop loss:
Break downward, when the candle closes below the resistance trend line.
Note
There's a typo error. Please refer below for update.Rectangle bottom. Buy opportunity.
Option A: To buy @ 83 which is at the bottom of the rectangle.
If it does not move upwards and break out at the resistance of 114, we can minimize loss if it breaks downward below 83.
Option B: To buy @ 114 when it breaks out of the resistance line.
Indicator
Break upward, when the candles closes above the resistance trend line
Stop loss:
Break downward, when the candle closes below the support trend line.
Trade active
Started buy trade at 91.18. The price is near the lower trend line.
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.
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.