The descending triangle reversal pattern at the bottom end of a downtrend is where the price action stalls and a horizontal support level mark a bottom. If the price action breaks to the upside from the descending triangle reversal pattern at the bottom, a trader can choose long positions.
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- Take your Long position now or at the break-out with volume
- Set Your TP based on the length of the Triangle from the break-out point
- Set Your SL under the lowest point in the Pattern
www.investopedia.com...scendingtriangle.asp