Found this tool and decided to giver it a try. So right now price is inside a triangle and in a downward trend. Will it break the triangle down or the downward trend up and what are the results. I speculated with this Fib channel tool. The orange arrows are the measured moves of the triangles with confluence with the fib tools.
Other tools I used in the past are fib circles and gann fans which gave intresting results.
Not
broke down from triangle and heading to 219.
Not
Market reversed heading to test the triangle resistance
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