AT&T at descending triangle resistance line
Updated
AT&T is currently forming a descending triangle pattern (look at weekly / daily charts for confirmation). It is also at the resistance line for the descending pattern on the hourly chart.
Wait for break of convergence pattern below and then enter short. Set your stop loss slightly above the middle of the convergence pattern to avoid false breakouts, and set your price target slightly above resistance to avoid missing your exit.
Wait for break of convergence pattern below and then enter short. Set your stop loss slightly above the middle of the convergence pattern to avoid false breakouts, and set your price target slightly above resistance to avoid missing your exit.
Trade active
Aggressive, but I entered the trade at the top of the convergence pattern, approximately 41.70.
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