Our bias here is bearish and we anticipate that a down move will be a high probability. However, with triangles we don't really care about the direction, we only cares about a breakout, or breakdown. Two ways to trade this is with pending orders above and below areas of importance, or wait for the break and trade on confirmation, the later might keep you from rapid moves. If the breakouts are false we might see some consolidation in the area around the apex.
Happy trading
Happy trading
Commentaire:
Our higher probability bearish moves paid well.