Where is the Hot Dog stop and target? When do I sell?
Quick answerThe stop is the pattern's low and the target twice the risk above the entry. Neither reached after 20 candles, it closes at that close. Set the stop and the target as orders when you get in.
The details
- Entry: the first close above the sausage's high.
- Stop: the pattern's low (the TradingView script has none).
- Target: twice the risk (the entry to the stop) above the entry.
- Time: out at the close of the 20th candle.
The ● under the candle after a breakout and the ✔ three candles on are the script's own marks, not our exit.
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