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Hello,
Please kindly direct me to the video or forum entry discussing the correct Entry (E), initial Risk (iR) and initial Target (iT) for Breakouts (BO) or Failed BOs (FBO) from Triangles.
Alternatively, please kindly check whether my current assumption for BO and FBO is correct, based on the attached chart:
I currently assume that, in a Bull case, one enters a BO from a triangle above the triangle line (E1 in the chart) with an iR below the bottom of the triangle (R2 in the chart) and an iT which corresponds to the height (h in the chart) of the triangle (T3 in the chart).
I further currently assume that, in a failed Bull case, one enters a FBO from a triangle below the bottom of the trianlge (E5 in the chart) with an iR above the top of the triangle (R10 in the chart) and an initial target which corresponds to the height (h in the chart) of the triangle (T13=T3 in the chart).
Thank you very much in advance for your kind guidance!