The descending triangle price target calculation formula is: Descending Triangle Price Target = Short Entry Price - Pattern Height. The descending triangle price target is set by measuring the height of the pattern between the swing low support line and the swing high resistance price and subtracting this calculation from the short entry level.įor example, if the short entry price of this pattern is $55 and the pattern's height is $10, the profit level is $45 for the short trade. Watch for an increase in selling volume and bearish momentum as the price declines below the support area. This breakdown level is the short trade entry point.
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