Approach 1 - Enter the Long trade directly when the price breaks the neckline (high risk approach, but we will always be in the trade).
Approach 2 - Enter the Long trade only when the price retraces, tests the neckline and fails to break it (low-risk approach, but the trade might not happen if the price does not retrace the neckline).
In both the approaches above, we could use the height between
the neckline as the target for the trade.
Approach 1 - Enter the Long trade directly when the price breaks the neckline (high risk approach, but we will always be in the trade).
Approach 2 - Enter the Long trade only when the price retraces, tests the neckline and fails to break it (low-risk approach, but the trade might not happen if the price does not retrace the neckline).
In both the approaches above, we could use the height between
the neckline as the target for the trade.