the hAnDbook of teChniCAl AnAlysisLong entries may also be initiated at the opposite inflection point prior to a break-
out with a stoploss placed just below the opposite trendline. It should be noted
that if the breakout occurs to the downside, the minimum one‐to‐one projected
target price may also be used to determine the minimum price excursion for the
failed formation. The associated parallelogram‐based targets may also be used in
such cases. See Figure 13.29.figUre 13.29 An Idealized Ascending Triangle Formation.
figUre 13.28 Symmetrical Triangle Parallelograms on the Daily Chart of Micron
Technology Inc.
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