Descending Triangle Pattern: Spot Fakeouts vs Real Breakdowns
If you’ve been trading for more than a few months, you’ve probably experienced this frustration: you see a descending triangle forming, you wait for the breakdown, you take the short po...
Source: BitCoinTalk
If you’ve been trading for more than a few months, you’ve probably experienced this frustration: you see a descending triangle forming, you wait for the breakdown, you take the short position, and then the price rockets back up, trapping you in a losing trade. The pattern looked perfect. The breakdown seemed inevitable. Yet here you…