What Should be Entry,Exit &Stop loss prices for triangle pattern – Shor position

[vinod divakaran]

price crosses the point A level we can take short.

stop -loss is at top of point A triangle.

short covering + point A  length of top of point A triangle.

[Syed.Moiz]

create short after point A

stop-loss equal to point A

 

 

[SUNIL]

Entry for long – when price crosses immediate top previous to point A. SL at levels of point A . Exit 1: 1 ratio to SL

Entry for short – When prices crosses low point of A .SL at levels of immediateHigh point previous to A. Exit 1:1 ratio SL.

[Lokesh Padmanaban]

create a exit when price falls below the stop loss A

Stop loss :point A

[MURUGAVEL]

In the study of technical analysis, triangles fall under the category of continuation patterns. There are three different types of triangles, the ascending triangle, the descending triangle and the symmetrical triangle.

At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy side as well as the sell side: the supply line diminishes to meet the demand.

Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock’s price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market, when investors are going out taking profits with them.
Buy : When Price close above the Triangle Resistance line.
Sell : When price closes Below the Triangle Support Line

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