CRVUSDT
What is Broadening Triangle?
While forming, it is difficult to predict the actual breakout from the pattern because of the diverging nature.
More over the tendency and requirement of surpassing the previous highs in the formation of the pattern, is a reason why breakout traders face a lot of stoploss triggers , trapping bulls when the previous peak is breached and bears when the previous low is breached and then the price turns back and returns into the pattern.
The direction in which the final breakout will occur is also very difficult to predict in the Broadening Triangle pattern.
In the charts below, let us take some real -life examples of the broadening triangle.
LONG
ENTRE:
0.817
TP1 :
0.97 20%
TP2 :
1.4 70%
TP3 :
1.7 100%
SL :
0.735 -10%
What is Broadening Triangle?
While forming, it is difficult to predict the actual breakout from the pattern because of the diverging nature.
More over the tendency and requirement of surpassing the previous highs in the formation of the pattern, is a reason why breakout traders face a lot of stoploss triggers , trapping bulls when the previous peak is breached and bears when the previous low is breached and then the price turns back and returns into the pattern.
The direction in which the final breakout will occur is also very difficult to predict in the Broadening Triangle pattern.
In the charts below, let us take some real -life examples of the broadening triangle.
LONG
ENTRE:
0.817
TP1 :
0.97 20%
TP2 :
1.4 70%
TP3 :
1.7 100%
SL :
0.735 -10%