Browse Stacks: Trading Instruments: Precious Metals: slopechart__GC_12-1-17.jpg

slopechart__GC_12-1-17.jpg

Ascending triangles will rarely look perfect. Focus on the psychology behind it. Buyers are slowly gaining power while the seller's power remains flat. The Bollinger Band squeeze also argues for a break out. Ascending triangle patterns can and do fail. Should we get a breakout, make sure you know your risk and create an exit strategy.

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