Thursday, May 05, 2016 10:02:56 AM
Typical price action of triangle consolidation patterns.
They do not infer a probable direction before they resolve.
Price is bounded by sloping upper and lower lines as it approaches the apex of the triange.
A 3 or 5 wave pattern most often can be ID'ed.
A breakout of either side will usually be re-tested before price continues
to move in the breakout direction...Use the re-test to anticipate a trade.
They do not infer a probable direction before they resolve.
Price is bounded by sloping upper and lower lines as it approaches the apex of the triange.
A 3 or 5 wave pattern most often can be ID'ed.
A breakout of either side will usually be re-tested before price continues
to move in the breakout direction...Use the re-test to anticipate a trade.
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