Descending Triangle Reversal Pattern—Bottom

24 Feb 2023

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.

• 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
  

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