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Descending Triangle Entry means Profitable Trade Set Up

Posted By On 8/27/2009 06:48:00 PM Under

It makes a sense to track the triangle breakouts as this tracking helps one to enter in a highly profitable trade setup. One can make money by entering the trade as and when it breaks out of the support line as shown in the screen shot and it is an example of a descending triangle.

One is likely to get 85% time right while entering in such type of setups. Longer the time frame the better it is for the veracity of the set up.
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