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Triangle gives perfect entry for TL break

< 1 min read

Trianagles are essential trades on the Dax and on all TFs. During the testing phase of developing this plan, I took far too many M1 TL breaks and many of these looked like triangles.

The solution to this is to ensure that I select only high probability triangles and the way to do that is apply my Rule of 3.

This is a lovely pennant formation and it fits my Rule of 3: S1, H1 TL and fib, plus the break is in the direction of the move into it.

This trade also allowed me to position short ahead of the SUP 1 KL break so that I could avoid getting caught in a vibration around the level.

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Triangle gives perfect entry for TL break
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