1H Triangle / Pennant
Hello,
I think most of you would say Pennant on this one let me know how you define the two.
Anyway. I am looking for this to bounce of the inner part of the pattern to make the 3rd hit.
Once that is done, place the entry order out side of the pattern parallel to the 3rd bounce.
Find the distance from Top 1 to bottom 1 and that is your target. do a 2:1 RR. Do one to buy and one to sell.
What ever way it breaks out, you will be in. and cancel the other once you are in.
Good luck.
I think most of you would say Pennant on this one let me know how you define the two.
Anyway. I am looking for this to bounce of the inner part of the pattern to make the 3rd hit.
Once that is done, place the entry order out side of the pattern parallel to the 3rd bounce.
Find the distance from Top 1 to bottom 1 and that is your target. do a 2:1 RR. Do one to buy and one to sell.
What ever way it breaks out, you will be in. and cancel the other once you are in.
Good luck.
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