Posted by DigiNomad on 11th of May 2023 at 10:46 am
Triangles - is the strategy to sell when the lowest price in the
pattern is broken and/or buy when the highest point is breached? I
was just taking a look at this one, and a simple break of the
current pattern in either direction would result in a redraw for
me, not necessarily a trigger...until I can't redraw anymore...then
it's a trigger. Just curious how other people trade it.
I've always felt that by the time a stock breaks out, it seems
O.B. and due for a pullback. I'd rather buy at the low of the
pattern inside the wedge or whatever. Just me. Usually works.
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KIE - insurance industry ETF. All
Posted by timebandit on 11th of May 2023 at 10:40 am
KIE - insurance industry ETF. All the moving averages are right overhead. Diamond pattern developing, but right side could need more work
Triangles - is the strategy
Posted by DigiNomad on 11th of May 2023 at 10:46 am
Triangles - is the strategy to sell when the lowest price in the pattern is broken and/or buy when the highest point is breached? I was just taking a look at this one, and a simple break of the current pattern in either direction would result in a redraw for me, not necessarily a trigger...until I can't redraw anymore...then it's a trigger. Just curious how other people trade it.
I've always felt that by
Posted by brophy on 11th of May 2023 at 11:49 am
I've always felt that by the time a stock breaks out, it seems O.B. and due for a pullback. I'd rather buy at the low of the pattern inside the wedge or whatever. Just me. Usually works.