$SOYBEANS - Symmetrical Triangle Breakout
Just a clean setup:
1. Textbook symmetrical triangle pattern.
2. Breakout below the lower side of the triangle.
3. Price trading below the key EMA
4. Upcoming areas where the bulls are expected, as highlighted.
5. Wait for candle closure for confirmation.
6. Remember that no one holds a crystal ball. The future is unknown, reality is too complex. This is why despite all the efforts to stack teh odds on your side as a trader, properly managing risk is your number one priority at all times. The name of the games is "staying alive to benefit from long term exposure to good odds and luck.""
Cheers,
Tenacious Tribe - Back Tested, Quantified Trading Strategies & Studies
1. Textbook symmetrical triangle pattern.
2. Breakout below the lower side of the triangle.
3. Price trading below the key EMA
4. Upcoming areas where the bulls are expected, as highlighted.
5. Wait for candle closure for confirmation.
6. Remember that no one holds a crystal ball. The future is unknown, reality is too complex. This is why despite all the efforts to stack teh odds on your side as a trader, properly managing risk is your number one priority at all times. The name of the games is "staying alive to benefit from long term exposure to good odds and luck.""
Cheers,
Tenacious Tribe - Back Tested, Quantified Trading Strategies & Studies