1 Comment
  1. Naresh 1 year ago

    This is an appropriate trade plan for bullish flag pattern:-
    Your entry should be just above the breakouts of the consolidation range
    Set a stop loss just below the flag formation
    Your target should be based on the height of the flag

    Trade plan for triangle pattern-
    Entry Price = Breakout point just above the upper trend line for buying and break down point just below the trend line for short selling.
    Exit Price = the height of a triangle at its base or widest part from the entry point.
    Stop Loss = just outside the pattern on the opposite side from the breakout point. For example, if buying an upside breakout, place the stop loss just below the lower trend line and if going short on a downside break out, place a stop loss just above the upper triangle trend line.

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