Green Triangle (GT)
Position building signal.

When the price of a stock or asset crosses below a specific trigger point and then bounces back up, crossing over the same trigger point again, it forms a green upward-pointing triangle. This pattern indicates a potential buying opportunity. Traders can use this signal to enter a position at a lower price, setting a small stop-loss to minimize potential losses. The idea is to capitalize on the upward momentum indicated by the price crossing back over the trigger point.
Key Points:
• Green Upward-Pointing Triangle: A visual pattern indicating a potential buying opportunity.
• Trigger Point: A specific price level that the stock or asset crosses below and then back above.
• Bounce Back: The price movement where the stock or asset crosses below the trigger point and then rises above it again.
• Small Stop-Loss: A risk management tool to limit potential losses by setting a predefined exit point.