Category:TRIO
Triangle open. Triangle open is a breakout mode (BOM), at the same time it is also an area of agreement so magnet after the breakout, hence expect test back to apex of triangle at some point[1]. TRIO is less often than ETO[2].
Triangle open. Triangle open is a breakout mode (BOM), at the same time it is also an area of agreement so magnet after the breakout, hence expect test back to apex of triangle at some point[1]. TRIO is less often than ETO[2].
Breakout Mode means trading range. About 50% chance successful breakout up or down, and then about a measured move based on the height of trading range. 50% chance 1st breakout up or down will reverse.. ➟ More about BOM