Quick short on a Right Triangle Breakout

2 thg 8, 2018

As can be seen in the chart the triangle has already been broken out of. Expect the price to now retest the previous support, and if rejected, drop down to the next support. The target price is at the support that has held up for almost the past 2 weeks.

3 thg 8, 2018

Ghi chú

Didnt retest so no trade was opened. Next time might just limit order it with a stop above the previous support.