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What are the four strategies for trading a sideways pattern?

April 26, 2017Pattern sideways strategies trading

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What are the four strategies for trading a sideways pattern?

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Sideways patterns at first appear to be telling us that nothing important is going on. Doing nothing is in fact a trading strategy. Yet, if you are trading sideways patterns consider the following several strategies: a) Do nothing and wait for a breakout. b) Play a break off resistance. c) Play a break off support. d) Play a bounce off support. e) Play a bounce off resistance.