How to trade a Descending Triangle Pattern ?
Diupdate
Tools Used :
VWAP
Stochastic RSI
Strategy :
1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular.
2. For even safer entries, wait for the price to cross the VWAP.
3. Try to buy and sell on or near the lower and upper extremes of the pattern.
4. Look for reversal signals when approaching the extremes, backed by RSI crossovers, e.g., pin bar, or spinning top, or bearish/bullish engulfing, or a doji.
Hope it will be useful.
Follow for more <3
VWAP
Stochastic RSI
Strategy :
1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular.
2. For even safer entries, wait for the price to cross the VWAP.
3. Try to buy and sell on or near the lower and upper extremes of the pattern.
4. Look for reversal signals when approaching the extremes, backed by RSI crossovers, e.g., pin bar, or spinning top, or bearish/bullish engulfing, or a doji.
Hope it will be useful.
Follow for more <3
Trading ditutup secara manual
Trade Placed : 206.4SL : 207
Trade Closed : 201.5
Profit : -2.35%
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