1.When prices fluctuate in a smaller range over time,it leads to formation of a triangle and these are most reliable trading patterns and I follow them religiously as it helps me to make money regualrly from the stock market.
2.Triangles usually retrace beyond the standard 161.8% Fibonacci level and thus hurt traders. First it hits stops and sees a surge in breakout buying. Mass movement sets up reversal point.
3.Study triangle breakouts in the charts and trade in the direction of breakout once it confirms with adequate stop loss and you are bound to get a success rate of 75%. Enjoy making money trading this breakout pattern which is a time tested pattern. Explore and learn more about this pattern and become an expert in its trading.
2.Triangles usually retrace beyond the standard 161.8% Fibonacci level and thus hurt traders. First it hits stops and sees a surge in breakout buying. Mass movement sets up reversal point.
3.Study triangle breakouts in the charts and trade in the direction of breakout once it confirms with adequate stop loss and you are bound to get a success rate of 75%. Enjoy making money trading this breakout pattern which is a time tested pattern. Explore and learn more about this pattern and become an expert in its trading.
