BT's Classroom

[blacktruck]

The subject of B triangles..


this came up today..LIWA





The problem with triangles is there is no easy or surefire way to distinguish a "b" triangle from a 4th wave triangle..

If you look at a LIWA weekly it could be either one here. So the safe way to buy these things is on the upside break..

1. Triangles occur on lower vol/volatility so you really need to see an increase in volume on breaks..

2. If this is in fact a B triangle it would move to the top and perhaps even overthrow then fall below lower border...