There’s a lot to like about terminal patterns. They always produce a breakout one way or the other, and the target is easy enough to identify.
But they’re only profitable if you know how to trade them. Of course, that goes for any technical pattern.
I’ll explain what terminal patterns are and how I trade them in today’s newsletter. We’ll also take a look at an example of one on the ETHUSDT chart.
Let’s get it!
What is a Terminal Pattern?
A terminal pattern is one that ends. It’s dissimilar to a parallel channel, which can technically go on forever.
Many traders favor terminal patterns, including myself because they produce an opportunity regardless of which way the market breaks.
For instance, a symmetrical triangle will force a market to break higher or lower. There is no other options.
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