Triangle Formation on DXY on 8/9/22
I enjoy trading many technical patterns, but this one I am not a fan of trading until price action shows a non-neutral trending structure. Therefore, I will only be monitoring DXY.
Equilateral Triangle Pattern: This is when the price action s neutral (flat) due to the price trending in both directions at the same time. Typically many fake outs happen with triangle formations, so it is very important to include a price filter when trading this.
Equilateral Triangle Pattern: This is when the price action s neutral (flat) due to the price trending in both directions at the same time. Typically many fake outs happen with triangle formations, so it is very important to include a price filter when trading this.
Full analysis can be found here