How to define a breakout

21 thg 7, 2020

• correction in the form of a triangle or pennant. The situation resembles a compressing spring, the price movement range is strictly limited by the pennant / triangle contour. When the lines converge very close, as a rule, there is a sharp price movement in the direction of the continuation of the trend. You can enter the market on the breakout and retest of the pattern border;

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