The main objective of using Chandelier Exit is to alert the trader to a possible trend reversal after an extended trend. During lower volatility trading sessions, traders set small trailing stop losses. This allows them to close their trades near the top and get maximum returns on their investments.
A chandelier is a fancy light fixture that is often ornate and hanging suspended in the middle of a formal space. Walk into a grand ballroom and see a light fixture adorned with sparkling crystals? That’s a chandelier.
One of the valuable things about a pendant fixture is that it brings the light down from the ceiling and puts it closer to your counter or table or favorite chair, or wherever you’re going to need it. As this implies, pendant lights can be very useful for task lighting.
