SEBASS When you see a chart pattern forming and start drawing lines the triangle intersection will show when the reaction should occur. If that pattern is for a longer chart the intersection will appear less accurate. But when it a few days, like I saw, you can count the days to the intersection.
I will add, at first it looked like a descending triangle, because most of the bottoms were so close. But as the days went by, the bottoms started to rise just enough to see the bearish symmetrical aspect. Both were bears, so it really didn't matter but I thought I'd point that slight change out.
All I had to do is count the days out to the point on the 19th. 1 day reached the point and was when an action should happen, day 2 was showing me it should have happened or the triangle was wrong. Couldn't miss the formation, so IMO I couldn't miss the targets.
as for target drop or rise that's less accurate, but normally the height of the first range. In this case 4 cents.
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